The prominent, early-stageclimate tech VC firm Congruent Ventures has closed a $300 million-plus "Continuity Fund" that will aid companies in its existing portfolio.
Driving the news: Congruent's third fund is aimed at startups that are "scaling gracefully, both in terms of revenue and capital allocation," co-founder and managing partner Abe Yokell said in an interview.
A double whammy of natural climate cycles and human-caused climate change will likely make next year Earth's warmest on record, climate experts tell Axios.
The big picture: Forecasters now expect that a moderate El Niño, the climate pattern characterized by warmer-than-usual sea surface temperatures, will develop this summer, bringing sweeping shifts to weather patterns worldwide.
Unhealthy air pollution levels affect more than a third of all U.S. residents, according to an annual report published Wednesday.
The big picture: That's 17.6 million fewer people than in the American Lung Association's previous "State of the Air" report.
Yes, but: The ALA notes in an accompanying statement that the number of people facing "daily spikes in deadly particle pollution was 63.7 million, the most ever reported under the current national standard."
Shoppers looking for a tax break on a new electric vehicle (EV) have fewer options starting today — and almost all of them come from American brands.
Driving the news: The Treasury Department just narrowed the list of EVs eligible for a $7,500 consumer tax credit to U.S.-built cars made with battery components from the U.S. or its trading partners.
