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G2VP's partners. Photo: G2VP

G2VP, a venture capital firm spun out of Kleiner Perkins and focused on green and sustainability-related tech, has closed $350 million in capital.

Why it matters: Kleiner Perkins’ investments in green tech were famously a bust, but according to partner Dave Mount, G2VP will focus on the areas that did deliver financial returns — applications of digital tech to sustainability and heavy industry. He cites agricultural data management company Farmers Edge and fleet management software provider Telogis as examples.

Be smart: Many of the failures a decade ago came from pouring a lot of money into developing new clean energy technologies, which was more capital and time intensive than expected, he tells Axios.

Details: G2VP’s debut fund is backed by family offices, institutional investors, and a number of relevant companies including Shell, Mitsui, and ABB. Kleiner Perkins chairman John Doerr is also an investor.

The firm plans to invest in sectors ranging from energy technology to transportation and heavy industry, among others, though it has no specific target size for each category.

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Photo illustration: Aïda Amer/Axios. Photos: Eric Baradat (AFP), Gali Tibbon (AFP)/Getty Images

Israeli Prime Minister Benjamin Netanyahu, hoping to avoid an immediate clash with President Biden over Iran, will give dialogue a chance, Israeli officials say.

Why it matters: Biden intends to try to resume the 2015 nuclear deal, which Netanyahu vehemently opposes. The two are on a collision course, and memories are fresh of the crisis in U.S.-Israel relations when Netanyahu was publicly campaigning against Barack Obama's attempts to reach a deal — including in a speech to Congress.

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Doomsday Clock stays at 100 seconds to midnight

Robert Rosner, left, and Suzet McKinney reveal the 2021 setting of the Doomsday Clock. Photo: Bulletin of the Atomic Scientists/Thomas Gaulkin

In its annual update on Wednesday morning, scientists announced the Doomsday Clock would be kept at 100 seconds to midnight.

Why it matters: The decision to keep the clock hands steady — tied for the closest it has ever been to midnight in the clock's 74-year history — reflects a picture of progress on climate change and politics undercut by growing threats from infectious disease and disruptive technologies.

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Biden to sign major climate orders, setting up clash with oil industry

Illustration: Aïda Amer/Axios

President Biden will sign new executive actions today that provide the clearest signs yet of his climate plans — elevating the issue to a national security priority and kicking off an intense battle with the oil industry.

Driving the news: One move will freeze issuance of new oil-and-gas leases on public lands and waters "to the extent possible," per a White House summary.