Investors Push COP29 Climate Policies & More

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Today’s Highlights:

 🔝Top Story: Over 600 Investors Urge Global Leaders at COP29 to Enact Essential Climate Policies.

💲Investment: Paris-based ZE Energy raised €54M to expand Battery Energy Storage Systems for decarbonizing electricity, while Marut Drones secured $6.2M to scale up advanced agricultural drones for farmers.

🔬 Innovation: UC Santa Cruz chemists developed a low-heat biodiesel production method from waste oil, offering a more sustainable alternative to diesel in the industrial sector.

🔄 Integration: LG Energy Solution signed a $6.7 billion deal to supply batteries to Rivian for its R2 SUV, and China passed a new energy law to drive carbon neutrality by 2060.

💡 Intelligence: Decarbonization – The Strategic Imperative for Business in a Warming World.

Today’s Top Story: Over 600 Investors Urge Global Leaders at COP29 to Enact Essential Climate Policies

The Economic Imperative for Climate Action

As climate-related risks and opportunities become more apparent, the financial community sees an economic rationale for aligning with net-zero goals. Major investors such as Allianz, BlackRock, and the Church of England Pensions Board are pressing for policies that support sustainable investing, spurred by initiatives like the U.S. Inflation Reduction Act and the EU’s Fit-for-55 package. These measures have helped global clean energy investments grow by 40% since 2020, yet the current $1.8 trillion USD annual investment still falls short of the $4.8 trillion needed by 2050.

Targeted Policy Requests for COP29

The Global Investor Statement outlines five key policy recommendations for COP29. Investors advocate for economy-wide carbon pricing, stricter emissions targets, and sector-specific strategies, especially for high-emission industries. Calls for mandatory climate risk disclosures and a strong emphasis on supporting nature-based solutions reflect investors’ commitment to a more transparent, sustainable economy. These policies are designed to drive private sector engagement and incentivize climate action in underserved and emerging markets.

Financing the Transition: Emerging Market Focus

Emerging markets, facing some of the highest climate-related vulnerabilities, continue to be underfunded. The statement urges COP29 to establish a New Collective and Quantified Goal (NCQG) to mobilize climate finance for these regions, which often lack equitable access to clean energy investments. By shifting financial flows toward these areas, particularly in Africa and South Asia, COP29 could help bridge the funding gap and enable a just transition, addressing both climate and economic equity on a global scale. Read More

Investment Highlights of the Day

  • Paris-based ZE Energy raised €54M, led by Amundi Transition Énergétique, to expand Battery Energy Storage Systems (BESS) for decarbonizing electricity, with new investments from Amundi’s Core+ funds and Demeter’s Climate Infrastructure Fund alongside existing shareholder Sorégies. Read More
  • Hyderabad-based Marut Drones has raised $6.2 million in a Series A round led by Lok Capital, aiming to accelerate the development of advanced agricultural drones tailored to farmers’ needs and to expand its manufacturing capacity to 3,000 drones per year. Read More

Innovation Highlights of the Day

  • UC Santa Cruz chemists have developed a simplified, low-heat biodiesel production method from waste oil, potentially offering a more sustainable alternative for the industrial sector, which consumes millions of barrels of diesel daily and contributes significantly to U.S. CO2 emissions. Read More

Integration Highlights of the Day

  • LG Energy Solution has signed a $6.7 billion deal to supply 67 GWh of cylindrical batteries to Rivian for its upcoming R2 SUV, aiming to boost its market recovery and customer base diversification. Read More
  • China has passed a new energy law aimed at advancing carbon neutrality by 2060, promoting green energy development and ensuring energy security while addressing climate change. Read More

Climate Insider Intelligence: Decarbonization – The Strategic Imperative for Business in a Warming World

Global emissions hit a record high in 2023, underscoring the urgent need for businesses to lead in decarbonization. While the path to reducing carbon footprints presents challenges, the rewards are clear: enhanced profitability, risk mitigation, and a competitive edge in an evolving market. In this article, we explore why decarbonization is not just a responsibility but a strategic opportunity for businesses aiming for long-term success in a low-carbon economy. Time is running out—how can companies act now to unlock value while safeguarding the planet’s future? Read More

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