Arne Morteani

In 2023, the largest segments in the climate tech vertical were low-carbon mobility, industry, grid infrastructure, intermittent renewable energy sources (solar and wind). 50 VC deals for climate tech companies in 2023 exceeded $150 million, and of these, nine exceeded $500 million. Companies that need a lot of capital to execute on a big vision can succeed today. #climatetech #climateVC #climate

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So far, it seems, these lower-tech companies have been able to scale quickly. Vaulted Deep, for instance, launched at the end of August last year and has already delivered more than 2,400 tons of carbon removal. By comparison, the only operating direct air capture facility in the United States is capable of removing 1,000 tons of CO2 per year. #carbonremoval #carboncapture #climatetech

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😱 "Current and proposed levels of carbon dioxide removal are insufficient to meet the Paris temperature goal" Read more on the CDR gap in the paper "The carbon dioxide removal gap".

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Getting a job in climate is tough, particularly if you are switching industries! I think one of the best approaches is to show your horsepower by solving problems that companies are facing. One of the best examples of this approach that I have seen is the brand audit that Art Lapinsch 🔋🌳🛡️did for Lilac Solutions. I am not a brand expert, but Art's work looks and feels a lot like the work product from major brand & marketing agencies that I paid tens of thousands of dollars for at prior jobs. I particularly loved how Art shows his skills and expertise. - Clear frameworks to guide his work - Careful and thorough analysis - Concise recommendations - Well developed execution plan Well done!! Amazing job!! If you are looking for a job in climate, try this same approach. 1️⃣ Identify a company and role that interests you 2️⃣ Deeply research the company, and come up with a perspective about what is working and what needs improvement 3️⃣ Draft and publish a work product that showcases your knowledge and expertise to help the company achieve its goals 4️⃣ Distribute your work on social media, and (most importantly) email your work to the company and others in the sector with the goal of starting a conversation This is quite a bit of work, but companies (particularly startups) want / need help. So, share your passions, skills, and experience!

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A fascinating categorization of #CDR in an article exploring the "#CDR #emissions gap" in the latest edition of Nature Climate Change: > Conventional CDR on land: This includes #afforestation, in which trees are planted when previously there were none, and #reforestation, which means restoring areas where the trees have been cut down or degraded. > Novel CDR: This includes all CDR methods that are not based on #forestry and #landuse change, such as #biochar, #directaircapture (#DAC) and #bioenergy with #carboncapture and storage (BECCS). I understand this grouping, but I would argue that categorizing #CDR by Engineered Solution and #NatureBased solution might be more telling. I suspect it allows a more accurate assessment of scalability and #CarbonInvestmentEfficiency (#CIE). https://lnkd.in/gzTdydN3

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US Carbon Market Principles: A Critical Take 🔍 The new principles for voluntary carbon markets by the US Administration have been well received. But beyond the applause, what do these guidelines really mean? Where do they shine and where do they fall short? Here’s my take: Why it matters: 💠 The largest corporate buyers are in the US. 💠 Fortune 500: $46.4 trillion market cap, with 65% US-based—significant clout for driving climate action. Where it exceeds expectations: ✅ "High-Integrity" Markets: Strong focus on transparency and accountability to combat greenwashing. ✅ Comprehensive Approach: Emphasizes the need for both avoidance and removals, highlighting the urgency of scaling nature-based solutions and fostering tech innovation. ✅ Robust Verification: Calls for stringent verification to ensure credits represent real emission reductions. ✅ Inclusivity and Equity: Involves local communities and indigenous groups, ensuring benefits for those most affected by climate change. Where it falls short: ❔ Economic Impact: Optimistic about job creation and innovation but lacks specifics on implementation. ❔ Detail Deficiency: Strong on principles, but needs more on enforcement and monitoring. ❔ Global Leadership: Positions the US as a leader but lacks emphasis on international collaboration and setting global standards. Overall, the guidelines are strong on integrity and inclusivity but need more detail on enforcement and global cooperation. I’ll be posting more on where we go from here tomorrow. 👉🏼 Follow my profile for part 2 and more posts on carbon markets and natural capital investing. Read the full fact sheet from The White House below: https://lnkd.in/ghKfRV4A #voluntarycarbonmarkets #naturalcapital #carboncredits

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Carbon pricing works, it seems (i.e. has positive effects on emissions). According to the study 5-21% reduction. Ideally we should encourage regulation that pushes for more accurate (in this case, higher) prices to stimulate both funding of decarbonisation of value chains, AND Nature Based Solutions (NBS) related projects. "the empirical data shows, among other things, that the introduction of carbon pricing ........has had an above-average effect on the emissions balance" https://lnkd.in/eR6sa_wa

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How could the Science Based Targets initiative be so wrong (read: #sarcasm and call for calm)?! Why has the "community" reacted with such frustration with SBTi's proposal to permit the use of #carboncredits to enhance the ability to manage #Scope3 #GHGemissions? There are so many benefits that we can expect: > lowering the barrier to addressing Scope 3 emissions > funding for #innovative #carbon projects will rise > #carbonpricing will become more reliable and predictable Thanks to Margaret Morales GreenBiz Group for stimulating this post today. #decarbonization #gigacorn #gigacornhunter #climatechange

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New technology analysis post coming next week, today I'm sharing my article on the origin and evolution of offsets. it's important that we keep in frame how long it can take to develop new solutions and how much of that goes on without public awareness. To be successful in addressing climate change we need a variety of strategies and we need broader buy-in. VCMs are imperfect but improving and they are acting as the proving grounds that will help regulators and policy wonks to act with greater authority and confidence. Take a peek and let me know where you agree or disagree. p.s. if you have special requests for analysis articles, or want to talk about the problem you're tackling, drop a comment.

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📢 Got a burning question about climate economics?   📈 To meet our climate commitments and keep global warming below the 1.5°C target, we need to invest massively to accelerate the green transition. But which sectors need the most support and when? And how can international trade help?   Our economists have the answers. In this new video 🎞️ series, we tackle some of the big questions on everyone’s minds when it comes to greening the global economy. First up, Head of Economic Research @Ana-Boata explains the consequences of this large-scale transformation on jobs and growth – watch the full video below. 👇 📖 Also, we wrote a book! Investing in a Changing Climate: Navigating Challenges and Opportunities offers a clear-eyed view of how far along we are on the decarbonization pathway, and what areas and technologies are the most promising and require the most urgent investments. Get your copy here: Investing in a Changing Climate: Navigating Challenges and Opportunities | https://lnkd.in/gfbJvtt3

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Big update to the Climate Tech Solutions Map, with 556 solutions across 16 sectors. Added a Market Maturity indicator, showing the hundreds of climate solutions that are market ready, gaining adoption and investment. 74% of solution areas are at Early Market stage or higher. (more on methodology in upcoming post) So when your colleague or cousin insists we don't have the climate solutions we need, send them this map. Link in first comment below. Get the full database behind the map - just Comment / Reshare this post and send a Connect request 💚

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Take a look at our handy guide on different nature-based carbon projects and some key points to consider. Make sure you're following the Terra page for more explainers like these.

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".....the climate finance gap cannot be filled without drastic increases in private capital, which some estimates suggest will need to account for at least  $2.61 trillion per year (WRI)" The VCM (voluntary carbon market) amounted to a bit over $2bn (0.08% of the capital needed). Even if corporate offsetting grew 20x it would still be a tiny fraction of the total need for investment in climate action. And please let me remind you, the nature based solutions portion of the VCM delivers many more benefits than just carbon: water security, food security, biodiversity, ecosystem integrity, livelihood and culture. Each of these ecosystem services are each extremely valuable in their own right (we just happen to be terrible at pricing them!). We can.....no....we must grow the NBS portion of carbon markets 100x (that will then provide 10% of the total needed. Remember, a large portion of emissions (close to 30%) comes from degradation and deforestation - stopping this is more important than reducing emissions from a factory. And when it comes to emissions from human activity, just because you outsource the cleaning of your office to a cleaning firm, it does not mean there is no cleaning going on. It means that there is efficiency in the system. Economic activity will always have some emissions (a lot of emissions, for some sectors for decades to come, actually). We have specialist firms, which deliver climate action, at scale, to compensate, at planetary level.

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Dear CSOs, think of SBTi as the GPS for your company’s climate strategy 🌍🧭 …. CSOs are often navigating a complex landscape of confusing climate standards and initiatives. To clarify what the Science Based Targets initiative (SBTi) is and how it can be instrumental in your sustainability efforts, here’s a handy analogy to think of it as your professional GPS: 🔍 Finding Your Route: Just like a GPS helps you find the best route to your destination, the SBTi guides your company in setting realistic and science-backed goals to reduce greenhouse gas emissions. It ensures you're on the right path to meet global climate targets, specifically those outlined in the Paris Agreement. 🎯 Setting Milestones: Imagine you're on a road trip with several stops along the way. The SBTi helps you set clear milestones for your emissions reductions, ensuring you're making steady progress. These targets aren't just pulled out of thin air—they're grounded in the latest climate science. 🏆 Achieving the Destination: Ultimately, the SBTi aims to help you reach a 'climate safe' destination. This means your company is doing its part to keep global warming in check, ideally below 1.5°C. The SBTi framework supports you in making this journey with precision and accountability, ensuring your efforts are both ambitious and credible. 🔗 Complementing Other Standards: You might have heard of other frameworks like VCMI. Think of these like different maps or tools you can use on your trip. While VCMI focuses on the integrity of carbon credits and how to use them as part of your carbon footprint reduction strategy , SBTi is about your emissions reduction path. They can complement each other, but SBTi is your primary guide for setting and achieving science-based targets. By utilizing the SBTi, you can navigate the complexities of corporate climate action with confidence and clarity. It offers a well-defined route to achieving substantial and credible emissions reductions. For a deeper dive into setting science-based targets, I recommend downloading the SBTi’s comprehensive guide. It's an essential resource for steering your sustainability efforts in the right direction. 👇 https://lnkd.in/dJnFDhYB

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The damage function is one of the inputs to modelling the “social cost of carbon”, a measure policymakers use to gauge whether investments to reduce climate change are worthwhile. Different methodologies produce wildly different answers. In 2022 America’s Environmental Protection Agency (EPA) proposed revising up its estimate of the social cost of carbon from $51 to $190. Messrs Känzig’s and Bilal’s calculations produce a figure more than five times higher, at $1,056 a ton of carbon-dioxide equivalent. Thus they calculate that it would be worthwhile for America to pursue radical decarbonization even if no other country joined in. #climatechange #climateeconomics #climatetech

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Sizing the industrial waste heat to electricity market opportunity - some impressive results from a bottom up study. With Orcan Energy’s modular technology, it’s possible to utilize waste heat even at low temperature levels. The modularity of the technology makes it possible to install heat-to-power modules exactly where the waste heat is generated - resulting in CO2 free base load electricity being cheaper than the grid alternative. #WasteHeatRecovery #EnergyEfficiency #HeatToPower

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It’s been a discouraging time in the #decarbonization space, despite the mounting daily evidence of the urgency for these companies to halt and reverse #globalwarming and #climatechange. Many early #greentech start-ups and pioneers are in their “Valley of Death”, the period after when they have been successfully funded, but now need to prove their business models to raise additional capital. And that is against a backdrop of mounting politicization, polarization, back tracking and outright reneging by the ecosystem these company’s business models depend on. Last month, direct air capture (#DAC) pioneer Global Thermostat was acquired by Zero Carbon Systems. This week publicly traded point source #carboncapture pioneer Aker Carbon Capture finalized its merger with SLB. And last Friday, ocean decarbonization pioneer Running Tide outright shut down, having raised over $50M, but now unable to raise any more due to a weaker than predicted voluntary carbon market. I’ve been there. In the early 90’s I was an internet pioneer who like many others at the time had a business model dependent on advertising. But like the slow-to-develop carbon markets, the supply greatly outweighed the demand (at that time), so despite many attempts to pivot, many of us where bought, merged, or folded. The internet survived and thrived, and is now inextricably woven into the fabric of our daily lives.  Entrepreneurs tried again and dejected employees found new purpose and jobs.  But unlike climate change, there was no real urgency. I believe that those who follow me here share my unshakable belief that climate change is neither a fad nor a hoax, and that it needs our continued sacrifice and dedication in spite of any and all obstacles. As the Dalai Lama says, “If you lose, don’t lose the lesson.” For those of you who are succeeding, please extend a hand to your competitors that maybe aren’t. To those of you who didn’t succeed, please shake it off and try again.  And to those of you who are on the cusp of giving up, reach out to your competitors, put aside your egos, and try to stay focused on our shared goal: a healthy, livable planet for us and our children.

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Here is great news for all normal people and nature ecosystem, and probably not so good news for Climate Apocalypse & Energy Transition grifters pretending that their fraudulently declared "clean, green and CO2-free" climate solutions somehow make the Planet Earth a better place ******* The global greening continues despite increased drought stress since 2000. Xin Chen, Tiexi Chen, Bin He, Shuci Liu, Shengjie Zhou, Tingting Shi, Global Ecology and Conservation, Volume 49, 2024, e02791, ISSN 2351-9894, https://lnkd.in/derWA_P6 ******* P.S. Although the choice of blue colour to indicate the areas with maximum rate of greening is quite puzzling

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Corporate investments in climate-tech have consistently increased since 2005, even when other sources of investment declined. The startups they invest in are more likely to achieve a successful exit. Public grants are not significantly associated with exits on their own but are likely to act as catalysts for high-risk startups. Publicly funded startups exit at a higher rate with the addition of corporate investment (155% increase) compared with other private investment (78% increase). #climatetech #corporateVC #venturecapital

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