Axios Pro: Climate Deals

September 22, 2022

Axios Pro Exclusive Content

Happy Thursday! We're just about there, so let's get right to it.

1 big thing: Headwinds barely blunt carbon tech

Data: PitchBook; Chart: Nicki Camberg/Axios

Cooling valuations and fears of a recession hardly blunted venture capital investments through H1 in the areas of carbon capture, building efficiency and other carbon tech, per data from PitchBook.

Why it matters: Demand for decarbonization remains strong in both the public and private sectors.

Driving the news: Deal value dipped 3%, a bullish sign at a time when valuations are getting hammered.

What they're saying: "The increase in emission reduction pledges has been huge even in the last three years," John MacDonagh, senior analyst for emerging technology at PitchBook, tells Alan.

  • "End-year figures will probably fall slightly below 2021, just because of how big that year was. But there are a few areas within the carbon tech vertical that are doing quite well."

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