Carbon technology captures billions in funds
CO2 removal technology is not just for greenhouse gases. It’s also siphoning billions of investor dollars. After its debut 50 years ago Carbon Tech — technology that captures, stores and uses emitted carbon. Reduce emissions from other sectors. Monitoring carbon-laden physical assets has long been considered too expensive and inefficient to be a viable climate solution. But a surge in venture capital (VC) deals in 2022 (plus the grim reality that it will take eight more years to halve global emissions under the Paris Agreement) has awakened carbon tech finance from its stagnation. . Now is the time to focus on the tech sector. Carbon tech has raised $10.7 billion in VC investment in 517 deals in the first three quarters of this year, according to Pitchbook’s 2022 Carbon & Emissions Tech Report. This includes standout deals such as Climeworks’ $634.4 million Series F funding and Carbon Clean’s $150 million Series C. Funding, and Twelve’s $130 million Series B funding. (Compare...