Foresight Group’s Post

"Funding for UK-based climate tech companies rises by almost a quarter as firms attract more than a fifth of global AI-related climate tech investment": https://lnkd.in/eXZg8Hx7 #climatetech #greentech #UKtech

What are the challenges that #InnovationFund projects face to scale-up their #cleantech?  The IF Knowledge Sharing report is packed with insights on:  🧮 Overcoming market challenges  🧰Tackling technical constraints  💸 Securing finance  Now also as an ePub 🖱 https://lnkd.in/dVJ8qayz EU Environment and Climate

The Surge of Investment and Policy Support for Voluntary Carbon Markets (VCMs) In recent years, voluntary carbon markets (VCMs) have gained substantial momentum, fueled by increased investment and policy support aimed at combating climate change. The Department of Energy (DOE) is leading this charge, with the launch of the Voluntary Carbon Dioxide Removal (CDR) Challenge in March 2024. This initiative is a game-changer for the carbon markets, aligning industry players and governments to scale carbon dioxide removal (CDR) efforts across the globe. DOE’s Voluntary CDR Challenge: A Step Toward Market Maturity Increased Transparency: The CDR Challenge focuses on enhancing the transparency of voluntary CDR credit buyers and high-quality suppliers. By fostering trust and visibility, it encourages companies to engage in meaningful carbon offset programs. Policy Backing: The challenge is supported by key policy frameworks that ensure the integrity of the voluntary carbon market. This is crucial for scaling the market to meet global climate goals. Industry’s Quick Response: A Clear Signal of Market Confidence Google’s $35 Million Pledge: One of the most notable responses to the CDR Challenge came from Google, which announced a pledge to purchase at least $35 million worth of CDR credits over the next 12 months. This commitment not only demonstrates corporate leadership but also signals growing confidence in the quality and viability of voluntary carbon credits. Ripple Effect Across Sectors: Google’s pledge is a signal to other companies, investors, and innovators that the voluntary carbon market is a viable and increasingly important tool for addressing emissions. It encourages more firms to follow suit and make similar commitments. Implications for the Future Investment Opportunity: As more companies commit to buying CDR credits, the demand for high-quality carbon removal technologies is set to grow. Investors can expect significant returns from backing CDR startups and carbon management technologies. Market Expansion: With growing policy support and industry backing, the voluntary carbon market is poised to play a crucial role in achieving global climate targets. #VoluntaryCarbonMarkets #CDR #ClimateAction #Google #CarbonRemoval #SustainableInvesting #NetZeroGreenBharat #CarbonHydrogenX #SustainableFuture #ClimateSolutions #GreenTech #CarbonCredits

AI has the potential to mitigate 5 to 10% of global emissions, true this is. AI can predict hell lots of things, from solar panel maintenance to soil health, to wind turbines monitoring, to green H2 production and efficiency of electrolysers, to monitor and predict the carbon emission levels at power plants, in logistics, internally in the organizations ( at various levels like scope 1/2/3) and what not!!! If we could predict so many things, we could take relevant actions to reduce emissions for sure!! THANKS for posting Kate Brandt #sustainability #sustainablebusiness #sustainabledevelopmentgoals

Measuring the impacts of a wide application of digital technologies and AI on our planet and resources is not straightforward. So here is a project that helps calculate net carbon impact of ICT solutions. Spoiler alert: one of the sectors where the methodology is piloted and applied is #smartcities.

#Microsoft has committed to becoming carbon negative by 2030, investing in various negative emission technologies. However, a recent investigation by Ftm.eu raises concerns about the effectiveness of Microsoft's carbon-offsetting scheme, suggesting the acquired credits may have no measurable impact on reducing emissions and highlighting the need for greater transparency and rigorous verification of carbon removal projects to ensure their integrity in addressing climate change. #ESGExpertise #CarbonAccounting #SustainabilityStrategy #RenewableEnergy #EnergyEfficiency #CircularEconomy #ClimateRiskAnalysis #EmissionsReduction #SustainabilityConsulting #EnvironmentalEngineering #CrossFunctionalCollaboration #OrganizationalChange #NetZeroTransition #GreenInnovation https://lnkd.in/gBHdhVfw

💡 Thanks to all who submitted comments during the first public consultation on proposed updates to the Verified Carbon Standard (VCS) Program that will result in version 5 of the program! The summary of stakeholder responses, Verra's responses to the summaries, and a full spreadsheet of comments are now available for download on our website. During the consultation, which ran from September 19 through November 4, 2024, Verra solicited input from stakeholders on the VCS Program's core concepts and foundational principles. We posed over 90 questions across 19 different topics, each critical to the VCS Program’s evolution in meeting the needs of the voluntary carbon market and net-zero targets. ✅ With this input, Verra will determine the next iteration of proposed updates for version 5 of the VCS Program, with the following priorities: - Continuing to reflect scientific integrity to achieve positive climate benefits - Strengthening the necessary safeguards to protect stakeholders and ensure their meaningful participation in project design and implementation - Improving the experience for all VCS Program users (e.g., project proponents and demand-side entities), including through digital improvements and streamlined processes - Complying and aligning with other initiatives and frameworks in the carbon market sector, such as the Integrity Council for the Voluntary Carbon Market (ICVCM), Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), and Article 6 of the Paris Agreement We will use the feedback received to include more specific changes and additional proposed updates in the next VCS Version 5 public consultation, which will likely be held in mid-2025. See the full announcement, including the comments and responses: https://bit.ly/3DWnbbn #Verra #StandardsMatter #ClimateChange #ClimateAction #CarbonMarkets

GETTING TO NET ZERO: the UK can become a destination of choice for climate tech companies, whose technologies are essential to reducing emissions and meeting global net zero ambitions.   Growth-stage climate tech companies struggle to get the funding they need to scale, as they fall into the ‘missing middle’ financing gap, where they’re too large for venture capital but too small for infrastructure funds.   We’re calling on the UK Government to help unlock the financing that’s critical for climate tech companies to grow and scale. Read the full paper here: https://lnkd.in/dwPAUpk6

A really in depth report as to how we can make the UK a beacon for climate tech companies. Do have a read of our analysis of this crucial subject.

A new study from PwC shows that while global funding for climate technology is decreasing, the UK is leading in the industry, with a 24% rise in investment, reaching £4.5 billion in 2024. #climateinvestment #climatetechnology