Christian Hernandez Gallardo

🌍💡 Embracing Interoperability: The Evolution of Carbon Markets 💡🌍 The landscape of carbon markets is rapidly evolving, with a significant shift towards fungibility and interoperability. What does this mean? We (at the SoHo Global Climate Fund) spoke with leading climate fund manager, Charles Bedford of Carbon Growth Partners, to shed light on this important trend in the carbon markets. It's about creating seamless connections between compliance and voluntary markets, allowing for the exchange and recognition of carbon credits across borders and sectors. This trend marks a pivotal moment in our collective efforts towards combating climate change. By enabling carbon credits to be fungible and interoperable, we're fostering a more efficient and scalable approach to carbon pricing and emissions reduction strategies. Companies and organizations now have greater flexibility to participate in markets that align with their goals. #CarbonMarkets #ClimateAction #Fungibility #Interoperability #Sustainability #Innovation #GlobalImpact

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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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Stop this removal-only obsession in the carbon markets. What kind of hare-brained approach is that? We need avoidance even more than we need removals. This article reminds me of the analogy I made a few months ago about a sinking boat. No amount of bailing water with buckets will save you if the hole in the hull is getting bigger. Remember, if deforestation was a country, it would be the world's third largest emitter. And no, you cannot just demand/legislate that poor rural people stop deforesting without providing alternative income. That is why forest carbon exists. It takes some form of totalitarian mindset (and/or total lack of understanding of rural economies)to think one can just ban things they do not like. https://lnkd.in/eCddBRwt

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Striking: Zenobē, a UK climate tech startup, raised £600m from KKR and £270m from Infracapital, bypassing VC entirely. Zenobe captures excess energy from wind farms to stabilize the grid and reduce gas power reliance. This means: Zenobe secured one of 2023's biggest startup fundraises — without any venture capital. #battery #fundraising #venturecapital #energystorage #infrastructure #growthinflection Sifted: https://lnkd.in/g8wF-xA5

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Data from the International Energy Agency (IEA) illustrates the current "readiness" of #ClimateTechs + their potential impact on carbon reduction. As shown, many techs are at an early stage of being able to have a material impact. Concerningly, some tech funds recently returned capital back to investors recently + closed their funds - citing inability to fund capital intensive techs, found in areas like ClimateTech. This in part may be contributing to the $2 trillion shortfall in ClimateTech, that Deloitte estimates. What this may mean for the future? - The migration of LPs to global, super VC funds within ClimateTech, given the large capital pools needed to fund tech development - Greater specialization from smaller funds, energizing more niche elements of the ClimateTech market - but also altering their / LP's risk profile - A greater role to be played by debt financing in funding growth entities at an earlier stage - impacting cashflow dynamics Will be an interesting space to watch moving forward. We at The Proptech Connection are constantly working with all parts of the Proptech ecosystem. From the leading LPs, funds, techs and adopters in market, providing an independent view. Reach out to us today to find out how we can help. #InvestorTrends #Strategy #Global Ivo van Breukelen Stuart Daun Kiki C. Ethan Ward

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To all #climatetech #founders and #funders in NYC and beyond, please join us on June 5th for an evening of #breakthrough #decarbonization #innovation at the ReGen Accelerator #DemoDay! 🎉 Get ready to be inspired by our cohort of #earlystage startups: ​ ▶ aich2 is engineering a novel #hydrogen ecosystem, built around Solid Hydrogen carriers. ​​ ▶ carbogenics produces sustainable #carbon adsorbents from difficult-to-recycle organic waste, including coffee cups and wastewater screenings ​​ ▶ TeamStack.ai is driving better performance by harnessing #AI, data, & the collective intelligence of teams. ​ ▶ Tesleon LLC uses compelling characters and #storytelling to instill compassion for communities and our planet in the next generation. ​ ▶ Tolam Earth is a trusted #marketplace for high-quality, high-impact carbon offsets. Don't miss out! Secure your spot below. Big thank you to Brown Rudnick LLP for hosting this event, our partners at ClimateHaven for their hard work and dedication during the entire program, and to our incredible network of #mentors and #facilitators, each of whom have dedicated time to working with these incredible founders this spring, including Jason Ambrose, Marina Rakhlin, Lauren Zujkowski, Stuart DeCew, Matt Puccini Andy Rooks, Nina Raab, and Bill Stephney. And of course Shai Tamary, Lars Korby and Sarah Cleveland, without whom we would not be able run such a #program. #innovation #sustainability #climateaction #accelerator

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One of our focus areas: AI + Climate The Bezos Earth Fund today unveiled an AI for Climate and Nature Grand Challenge – under which up to $100 million in grants will be awarded. In its first round, the Grand Challenge will advance solutions in three focus areas: Sustainable proteins Biodiversity conservation Power grid optimization It will also include a “Wild Card” category for powerful ideas outside the focus areas. https://lnkd.in/eU8t8pPE Remarkable Ventures Climate

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REDD up by 27% YOY, for 1Q2024. If you read about Carbon crisis, prices crashing, double check the source. Likely the author has an agenda that opposes Voluntary Carbon Markets(VCM) and/or anything that smells of capitalism.

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"For the energy transition to succeed, and for the world to consume multiples more energy than we do today, all three legs need to improve. On the production side, we need more and cheaper nuclear, solar, wind, geothermal, synthetic fuels, and other carbon-free sources of energy. On the consumption side, we need to electrify everything we can economically electrify – from cars to heat pumps to appliances. The good news is: both are happening! Solar is getting unbelievably cheap, electric vehicle (EV) penetration continues to rise, and scores of incredibly smart people are working to produce electricity more cheaply and consume that cheap electricity in more ways. The bad news is: both of those things actually make the delivery problem worse!" //

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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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One of the more thoughtful, practical pieces I’ve read on carbon removal and carbon markets recently - impressed and encouraged by the steps that Stripe has taken, especially with their Frontier fund, to drive demand for carbon removal. What mechanisms do we need to similarly enable the voluntary carbon markets by transforming carbon avoidance/reduction/removal from a public good into a business imperative, and fast? #carbonremoval #carbonmarkets #carboneconomics

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Gearing up for the Breakthrough Energy Summit this week, I was struck by founder Bill Gates’ quote: “Climate innovators should be given a stellar grade for their work in the lab, but in future years, we’ll all face a much harder practical exam — getting those innovations out into the real world.” This beautifully captures the value of a global corporate platform like Libra Group. I couldn’t be prouder that our 20 subsidiaries are growing with the future in mind, from purchasing fleets of eVTOLs to testing novel carbon capture technologies. Corporations have a critical role to play in the Clean Industrial Revolution - without adoption, we cannot move the world forward. If you haven’t yet read Breakthrough’s 2024 Transition Report, take a look - it’s excellent! https://lnkd.in/db4dSJWP #BESummit24

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absolutely inevitable exponential transition. stay tuned for www.awendiosolaris.com This is the time to scale-up solar manufacturing around the globe. The solution for the climate change challenge is quite easy, cheap and clear: electrification of our lives - grid, transportation, heating, industry, commercial. We are living amazing times

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🌍 Microsoft continues to lead the market in forward procurement of carbon removals, across both nature and engineered solutions, last week announcing their carbon credits deal with Oxy. This transaction, hot on the heels of procuring 18m tonnes of removals in the first half of the year, highlights Microsoft’s commitment to paying the true price of high quality carbon removal and the confidence to support new projects and technologies. ⚡️ The hidden cost of AI… As AI manifests in every part of our lives, it is easy to overlook the incredible power requirements for the processing needed to drive this technology. The numbers out of the key big tech players in recent weeks are jaw dropping. Alphabet, Amazon and Microsoft expect to invest $40bn on building out processing power this year alone. These ventures are incredibly power hungry. Data centers are expected require consume +800TWh of power by 2026 according to the IEA, and BCG estimated data processing could represent 7.5% of all power consumption in the US by 2030. 💡…and the multi-pronged steps big tech is taking Its easy to see the urgency for mitigating the impact of these power requirements that is being demonstrated through: 🤝 The formation of the Symbiosis Coalition 🌱 The 18m tons of removals procured by Microsoft already this year 👉 Google’s shift in its emissions mitigation strategy announced last week We often think of energy companies as the primary emissions behemoths, and while that holds true today, the landscape is shifting. In addition to engaging with carbon markets, the big tech firms are investing heavily in renewable power generation given the inability of traditional utilities to respond: 🔋 10.5GW of renewables capacity to be installed in a Microsoft-Brookfield JV (at a price tag of $1bn per MW 🖥️ $650m paid by Amazon for a Pennsylvania-based datacenter powered by a nuclear reactor ☢️ $500m being raised by ChatGPT for Oklo, a developer of nuclear micro-reactors As renewable energy overtakes hydrocarbons in power generation growth and our lives demand increasingly more processing power, the dynamics are evolving. Read the article on Microsoft’s deal with Occidental here: https://lnkd.in/dbW8fKjC #carbonmarkets #carbonoffsetting #carboncredits #voluntarycarbonmarkets

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Onto day 2 of sharing lessons from our Q2 Pachamama Ventures Investors & Founders Meeting! ⛰ 2️⃣ Distribution is king. 👑 It is what will propel climate tech solutions from R&D into commercialization, accelerating their go-to-market phase. A clear case study for this is the success of renewables. Once deemed implausible, extremely expensive, and, in some tough audiences, "a cute experiment", they are now undoubtedly a market force that seems unstoppable. I personally cannot wait to see many more climate tech solutions unlock massive distribution at scale so we can all enjoy their economic benefits - besides the more obvious environmental ones. #distribution #climatetech #climateVC

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Cost leaders—companies that have taken the lead in reducing costs—have greater appeal to investors. Unlike the period from 2020 to 2021, when green-business funding flourished, investors may now restrict their interest to companies that have a clear plan for reducing costs. #climatetech #costmanagement #venturecapital

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Reducing carbon emissions is not a silver bullet -- it's imperative businesses take a fuller, more holistic approach to reducing their overall ecological footprint. Not only will this help biodiversity, it will help accelerate us on the critical journey to detoxify *all* of earth's systems. Valuable insights from Karl Burkart on the challenges and opportunities of reaching nature positive, as well as the compelling concept of an “‘Internal Price on Nature.”

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