According to a recent Emerging Tech Research from Pitchbook.com, Carbon & Emission Tech Startups raised $13.8 billion in 2022. The research explores "recent VC trends in carbon & emission tech, spotlights key players in the space, and highlights emerging opportunities in ocean carbon capture and biopolymers." Read the full report here.
California’s cap-and-trade program launched in 2013. According to Carboncredits.com, the program's basic concept is to "create a market-based compliance approach to drive investments in climate strategies. It's the only economy-wide carbon market in the U.S. and one of the largest ETS in the world. It supplements a range of various carbon reduction programs in the state". The program focuses on meeting California's climate goals:
To reduce emissions to 1990 levels by 2020 (completed in 2016),
40 percent below 1990 levels by 2030,
80 percent below 1990 levels by 2050
Additional goals include reaching 100% carbon-free electricity by 2045 and economy-wide carbon neutrality. You can learn more about the California Carbon Credit here.
Image Credit: https://www.linkedin.com/pulse/carbon-credit-lifecycle-part-net-zero-think