Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Trends in venture capital funding decisions are hindering commercialization of next-wave green energy technologies, according to a new Brookings Institution analysis.

Why it matters: Despite the urgency of climate change, the cleantech VC funding woes—especially for early-stage companies—will get worse if Trump succeeds in gutting Energy Department initiatives, the authors say.

Here are some of the headwinds Brookings identifies . . .

  • VC funding on cleantech companies fell from $7.5 billion in 2011 to $5.2 billion last year, and there were almost 200 fewer deals in 2016.
  • VC cleantech investment is concentrated in a few regions (check out the chart below), leaving other areas "starved for participation."
Expand chart
Data: Brookings analysis of Cleantech group's i3 Connect database; Chart: Andrew Witherspoon / Axios
  • Taken in tandem with a prior Brookings analysis on the wide geographic distribution of cleantech patents, report co-author Mark Muro tells Axios that the relatively narrow concentration of VC dollars suggests that promising climate-friendly ideas aren't getting VC money.
  • The vast majority of VC funding goes to more mature companies, while there's a declining slice of the pie over the last decade for riskier, early stage companies trying to create "radically" better climate-friendly tech. That means "fewer novel and potentially game-changing technologies are getting past the early stage."
  • On a related note, a handful of tech areas—efficiency, smart grids, storage, solar, bioenergy, and transportation—received about 80 percent of the funding between 2011-2016, while technologies including advanced nuclear are missing out.

What Brookings recommends: Support for federal programs that Trump wants to ax, like the Advanced Research Projects Agency-Energy and loan guarantees. It also makes the case for programs like the Cyclotron Road incubator at Lawrence Berkeley National Laboratory.At the state level, one suggestion is having existing "green banks" in places like New York and Hawaii expand operations to finance riskier technologies.In the private sector, cleantech money should experiment with new financing models, like greater funding by corporations and corporate VC arms.The good news: There's some reason for optimism for early stage cleantech funding, via developments like the $1 billion Breakthrough Energy Ventures fund recently launched by Bill Gates and other investors.

Go deeper

DOJ seizes 36 U.S. website domains for Iranian government disinformation

Iran's President-Elect Ebrahim Raisi holds a press conference at Shahid Beheshti conference hall in Tehran on Monday. Photo: Majid Saeedi/Getty Images

American officials seized 36 news website domains linked to Iran's government for spreading disinformation as part of a propaganda campaign, the Department of Justice said Tuesday.

Why it matters: The action comes at a time of heightened tension between the two countries, with Iran's hardline President-elect Ebrahim Raisi on Monday ruling out negotiating over missiles or meeting with President Biden as the two nations hold talks on returning Tehran to the 2015 nuclear deal.

NYT: Khashoggi's killers had paramilitary training in U.S.

A vigil for journalist Jamal Khashoggi outside the Saudi Arabia consulate in Istanbul, following his killing in 2018 in Turkey. Photo: Chris McGrath/Getty Images

Several Saudis who took part in the killing of Washington Post journalist Jamal Khashoggi had paramilitary training in the U.S. under a State Department contract a year before his 2018 death, the New York Times reported Tuesday.

Why it matters: While there's no evidence the department knew that Crown Prince Mohammed bin Salman sanctioned Saudi officials to detain, kidnap and torture dissidents in 2017, the approval of such training underscores how "intensely intertwined" the U.S. has become with a nation known for human rights abuses, per the NYT.

U.S. attorney finalist trashes Labor secretary

Rachael Rollins and Marty Walsh. Photos: Jessica Rinaldi/The Boston Globe via Getty Images (Rollins); Tom Williams/CQ-Roll Call Inc. via Getty Images (Walsh)

A finalist for U.S. attorney in Boston is publicly trashing the city's former mayor — Labor Secretary Marty Walsh.

Why it matters: Rachael Rollins’ approach is perpetuating scrutiny of a troubled Cabinet secretary and fellow Democrat — and hints at the independence she may exhibit if tapped for top federal prosecutor for the eastern half of Massachusetts.