Global climate tech funding and deals hit a 4-year low in Q3 2024, per CB Insights’ State of Climate Tech Report. The decline in financial backing comes despite growing urgency around climate action and the push to commercialize technologies that can help mitigate climate change.
As seen below, the funding for the quarter totaled only $4.8 billion, the lowest since 2020. The same goes for the number of deals, which reached only 461 in the said quarter.

Here are the other key climate tech trends we uncovered from the report.
Regional Disparities in Funding Trends
While global funding has dropped, the US and Europe have managed to grow median deal sizes due to government support. Both regions continue to advance climate tech through substantial grants, loans, and other funding mechanisms. These have somewhat offset the broader slowdown in venture capital (VC) interest.

On the other hand, China has taken a different approach: government subsidies for clean energy have been reduced this year, contributing to a cooling of investor enthusiasm in the climate sector. This shift is particularly notable, as China had previously been a significant player in cleantech innovation and adoption.
A Focus on Early-Stage Innovations
Across major economies, government funds are increasingly flowing into early-stage climate tech ventures, particularly those nearing commercialization. In the US, significant federal support has been directed toward advanced technologies such as nuclear fusion and direct air capture (DAC) of carbon dioxide, both of which promise groundbreaking ways to reduce greenhouse gas emissions at scale.
The US Department of Energy has led in funding these emerging technologies, recognizing their potential for long-term impact on global climate targets.
Why Climate Tech Funding is Declining
This funding slowdown reflects multiple challenges. Investors face high interest rates and economic uncertainties, which have impacted the willingness to fund high-risk projects typical in climate tech.
Additionally, some tech investors are refocusing on sectors with quicker returns. The reduction in VC enthusiasm, particularly in markets like China, has also been tied to shifting political and regulatory priorities, which in turn affects international investor confidence.
In response to these challenges, governments in the US, Europe, and other regions are providing targeted funding to keep innovation in climate tech moving forward. By supporting early-stage technologies through grants and loan programs, governments are working to ensure that promising but capital-intensive projects, such as fusion energy and DAC, have a chance to mature and reach commercial viability.
The emphasis on early-stage innovation signals a shift toward investing in technologies that, though not yet ready for widespread deployment, hold the potential for transformative impact on emissions reduction and energy transition efforts.
According to the CB Insights Report, here are the top three equity deals in Q3 and what these companies are doing in the sector.
Fourth Partner Energy: Leading India’s Solar Revolution
Location: India
Round Amount: $275 Million
Fourth Partner Energy is a trailblazer in India’s renewable energy sector, focusing on delivering sustainable, solar-based power solutions to businesses. Founded in 2010, the company has installed over 700 MW of solar capacity, positioning itself as one of India’s top solar energy providers.
The company operates across 20+ states in India, with a diverse portfolio that spans rooftop, ground-mount, and utility-scale solar installations. Fourth Partner Energy has successfully executed more than 1,000 projects, with over 600 clients from various sectors, including manufacturing, retail, and education.
Through innovative financing models, the company has helped clients reduce their energy bills by up to 40%, while also contributing to India’s green energy goals. With an ongoing commitment to sustainability, the company plans to reach 2 GW of installed capacity by 2025.
Below are the climate tech company’s major milestones at a glance:

Key Initiatives:
- 700 MW of installed solar capacity
- Goal to reach 2 GW of installed capacity by 2025
- Achieving 40% energy savings for clients on average
With its innovative approach and growing portfolio, Fourth Partner Energy is set to be a significant force in India’s renewable energy future.
Altana AI: Revolutionizing Supply Chains with Artificial Intelligence
Location: United States
Round Amount: $200 Million
Altana AI is transforming global supply chains by leveraging artificial intelligence to drive efficiency, sustainability, and transparency. Founded in 2018, the company’s AI-driven platform helps businesses map, analyze, and optimize supply chain operations with a focus on minimizing environmental impact and reducing waste.
The climate tech company’s platform uses advanced machine learning and big data to provide real-time insights into supply chain networks, identifying inefficiencies and enabling smarter decision-making.
Here’s a glimpse of its dashboard:

Altana AI serves industries ranging from manufacturing to retail, providing tools that help companies track carbon footprints, manage risks, and enhance sustainability efforts.
By using AI, the company empowers organizations to reduce emissions, cut costs, and achieve better supply chain resilience.
Key Highlights:
- Raised over $250 million in funding
- Serves global Fortune 500 companies in multiple industries
- Helps reduce carbon emissions by 20% on average across supply chains
- Provides real-time data insights and predictive analytics for supply chain optimization
Altana AI’s cutting-edge approach to AI-powered supply chain optimization is enabling businesses to make smarter, more sustainable decisions. With an eye on the future, the company continues to lead the charge in using technology to create a greener, more efficient global economy.
Twelve: Transforming CO2 into a Resource for the Future
Location: United States
Round Amount: $200 Million
Twelve is at the forefront of the fight against climate change by transforming carbon dioxide (CO2) into valuable products through its revolutionary technology. Launched in 2020, the company is developing a groundbreaking process that captures CO2 and converts it into clean, sustainable products like chemicals, fuels, and building materials, which can help industries reduce their carbon emissions and reliance on fossil fuels.
Twelve’s carbon transformation technology uses renewable energy to turn CO2 into useful commodities at scale, with the potential to reduce millions of tons of CO2 annually. The company’s efforts align with global net-zero targets that enable industries to meet their climate goals while maintaining economic growth.

Twelve’s innovative approach has garnered significant attention, raising over $330 million in funding from leading investors and forming partnerships with top corporations committed to a carbon-free future.
Major Achievements:
- $330 million raised in funding to date
- Partnership with BMW and Microsoft to scale CO2-to-product technology
- Potential to reduce millions of tons of CO2 annually
- Focused on delivering a net-zero emissions future
As the company continues to scale its operations, Twelve is playing a key role in advancing a circular economy and enabling industries to decarbonize at an unprecedented scale.
The post Climate Tech Funding Hits a 4-Year Low: Who Gets the Top Equity Deals in Q3? appeared first on Carbon Credits.
Carbon Footprint
Climate Impact Partners Unveils High-Quality Carbon Credits from Sabah Rainforest in Malaysia
The voluntary carbon market is changing. Buyers are no longer focused only on large volumes of cheap credits. Instead, they want projects with strong science, long-term monitoring, and clear proof that carbon has truly been removed from the atmosphere. That shift is drawing more attention to high-integrity, nature-based projects.
One project now gaining that spotlight is the Sabah INFAPRO rainforest rehabilitation project in Malaysia. Climate Impact Partners announced that the project is now issuing verified carbon removal credits, opening access to one of the highest-quality nature-based removals currently available in the global market.
Restoring One of the World’s Richest Rainforest Ecosystems
The project is located in Sabah, Malaysia, on the island of Borneo. This region is home to tropical dipterocarp rainforest, one of the richest forest ecosystems on Earth. These forests store huge amounts of carbon and support extraordinary biodiversity. Some dipterocarp trees can grow up to 70 meters tall, creating habitat for orangutans, pygmy elephants, gibbons, sun bears, and the critically endangered Sumatran rhino.
However, the forest within the INFAPRO project area was not intact. In the 1980s, selective logging removed many of the most valuable tree species, especially large dipterocarps. That caused serious ecological damage. Once the key mother trees were gone, natural regeneration became much harder. Young seedlings also had to compete with dense vines and shrubs, which slowed the forest’s recovery.
To repair that damage, the INFAPRO project was launched in the Ulu-Segama forestry management unit in eastern Sabah.
- The project has restored more than 25,000 hectares of logged-over rainforest.
- It was developed by Face the Future in cooperation with Yayasan Sabah, while Climate Impact Partners has supported the project and helped bring its credits to market.
Why Sabah’s Carbon Removals are Attracting Attention
What makes Sabah INFAPRO different is not only the size of the restoration effort. It is also the way the project measured carbon gains.

Many forest carbon projects issue credits in annual vintages based on year-by-year growth estimates. Sabah INFAPRO followed a different path. It used a landscape-scale monitoring system and waited until the forest moved through its strongest natural growth period before issuing removal credits.
- This approach gives the credits more weight. Rather than relying mainly on short-term annual estimates, the project measured carbon sequestration over a longer period. That helps show that the forest delivered real, sustained, and measurable carbon removal.
The scientific backing is also unusually strong. Since 2007, the project has maintained nearly 400 permanent monitoring plots. These plots have allowed researchers, independent auditors, and technical specialists to observe the full growth cycle of dipterocarp forest recovery. The result is a large body of field data that supports carbon calculations and strengthens confidence in the credits.
In simple terms, buyers are not just being asked to trust a model. They are being shown years of direct forest monitoring across the project landscape.
Strong Ratings Support Market Confidence
Independent assessment has also lifted the project’s profile. BeZero awarded Sabah INFAPRO an A.pre overall rating and an AA score for permanence. That places the project among the highest-rated Improved Forest Management, or IFM, projects in the world.
The rating reflects several important strengths. First, the project has very low exposure to reversal risk. Second, it has a long and stable operating history. Third, its measured carbon gains align well with peer-reviewed ecological research and independent analysis.
These points matter in today’s market. Buyers have become more cautious after years of debate over the quality of some forest carbon credits. As a result, they now look more closely at durability, transparency, and third-party validation. Sabah INFAPRO’s rating helps answer those concerns and makes the project more attractive to companies looking for credible carbon removal.
The project is also registered with Verra’s Verified Carbon Standard under the name INFAPRO Rehabilitation of Logged-over Dipterocarp Forest in Sabah, Malaysia. That adds another level of market recognition and verification.
A Wider Model for Rainforest Recovery
Sabah INFAPRO also shows why high-quality nature-based projects are about more than carbon alone. The restoration effort supports broader ecological recovery in one of the world’s most important rainforest regions.
Climate Impact Partners said it has worked with project partners to restore degraded areas, run local training programs, carry out monthly forest patrols, and distribute seedlings to support rainforest recovery beyond the project boundary. These efforts help strengthen the wider landscape and expand the project’s environmental impact.
That broader value is becoming more important for buyers. Companies increasingly want projects that support biodiversity, ecosystem health, and local engagement, along with carbon removal. Sabah INFAPRO offers that mix, making it a stronger fit for the market’s shift toward higher-integrity credits.

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Carbon Footprint
Bitcoin Falls as Energy Prices Rise: Why Crypto Is Now an Energy Market Story
Bitcoin’s recent drop below $70,000 reflects more than short-term market pressure. It signals a deeper shift. The world’s largest cryptocurrency is becoming increasingly tied to global energy markets.
For years, Bitcoin has moved mainly on investor sentiment, adoption trends, and regulation. Today, another force is shaping its direction: the cost of energy.
As oil prices rise and electricity markets tighten, Bitcoin is starting to behave less like a tech asset and more like an energy-dependent system. This shift is changing how investors, analysts, and policymakers understand crypto.
A Global Power Consumer: Inside Bitcoin’s Energy Use
Bitcoin depends on mining, a process that uses powerful computers to verify transactions. These machines run continuously and consume large amounts of electricity.
Data from the U.S. Energy Information Administration shows Bitcoin mining used between 67 and 240 terawatt-hours (TWh) of electricity in 2023, with a midpoint estimate of about 120 TWh.

Other estimates place consumption closer to 170 TWh per year in 2025. This accounts for roughly 0.5% of global electricity demand. Recently, as of February 2026, estimates see Bitcoin’s energy use reaching over 200 TWh per year.
That level of energy use is significant. Global electricity demand reached about 27,400 TWh in 2023. Bitcoin’s share may seem small, but it is comparable to the power use of mid-sized countries.
The network also requires steady power. Estimates suggest it draws around 10 gigawatts continuously, similar to several large power plants operating at full capacity. This constant demand makes energy costs central to Bitcoin’s economics.
When Oil Rises, Bitcoin Falls
Bitcoin mining is highly sensitive to electricity prices. Energy is the highest operating cost for miners. When power becomes more expensive, profit margins shrink.
Recent market movements show this link clearly. As oil prices rise and inflation concerns persist, energy costs have increased. At the same time, Bitcoin prices have weakened, falling below the $70,000 level.

This is not a coincidence. Studies show a direct relationship between Bitcoin prices, mining activity, and electricity use. When Bitcoin prices rise, more miners join the network, increasing energy demand. When energy costs rise, less efficient miners may shut down, reducing activity and adding selling pressure.
This creates a feedback loop between crypto and energy markets. Bitcoin is no longer driven only by demand and speculation. It is now influenced by the same forces that affect oil, gas, and power prices.
Cleaner Energy Use Is Growing, but Fossil Fuels Still Matter
Bitcoin’s environmental impact depends on its energy mix. This mix is improving, but it remains uneven.
A 2025 study from the Cambridge Centre for Alternative Finance found that 52.4% of Bitcoin mining now uses sustainable energy. This includes both renewable sources (42.6%) and nuclear power (9.8%). The share has risen significantly from about 37.6% in 2022.
Despite this progress, fossil fuels still account for a large portion of mining energy. Natural gas alone makes up about 38.2%, while coal continues to contribute a smaller share.

This reliance on fossil fuels keeps emissions high. Current estimates suggest Bitcoin produces more than 114 million tons of carbon dioxide each year. That puts it in line with emissions from some industrial sectors.
The shift toward cleaner energy is real, but it is not complete. The pace of change will play a key role in how Bitcoin fits into global climate goals.
Bitcoin’s Climate Debate Intensifies
Bitcoin’s growing energy demand has placed it at the center of ESG discussions. Its impact is often measured through three key areas:
- Total electricity use, which rivals that of entire countries.
- Carbon emissions are estimated at over 100 million tons of CO₂ annually.
- Energy intensity, with a single transaction using large amounts of power.

At the same time, the industry is evolving. Mining companies are adopting more efficient hardware and exploring new energy sources. Some operations use excess renewable power or capture waste energy, such as flare gas from oil fields.
These efforts show progress, but they do not fully address the concerns. The gap between Bitcoin’s energy use and its environmental impact remains a key issue for investors and regulators.
- MUST READ: Bitcoin Price Hits All-Time High Above $126K: ETFs, Market Drivers, and the Future of Digital Gold
Bitcoin Is Becoming Part of the Energy System
Bitcoin mining is now closely integrated with the broader energy system. Operators often choose locations based on access to cheap or excess electricity. This includes areas with strong renewable generation or underused energy resources.
This integration creates both opportunities and challenges. On one hand, mining can support energy systems by using power that might otherwise go to waste. It can also provide flexible demand that helps stabilize grids.
On the other hand, it can increase pressure on local electricity supplies and extend the use of fossil fuels if cleaner options are not available.
In the United States, Bitcoin mining could account for up to 2.3% of total electricity demand in certain scenarios. This highlights how quickly the sector is scaling and how closely it is tied to national energy systems.
Energy Markets Are Now Key to Bitcoin’s Future
Looking ahead, the connection between Bitcoin and energy is expected to grow stronger. The network’s computing power, or hash rate, continues to reach new highs, which typically leads to higher energy use.
Electricity will remain the main cost for miners. This means Bitcoin will continue to respond to changes in energy prices and supply conditions. At the same time, governments are starting to pay closer attention to crypto’s environmental impact, which could shape future regulations.

Some forecasts suggest Bitcoin’s energy use could rise sharply if adoption increases, potentially reaching up to 400 TWh in extreme scenarios. However, cleaner energy systems could reduce the carbon impact over time.
Bitcoin is no longer just a financial asset. It is also a large-scale energy consumer and a growing part of the global power system.
As a result, understanding Bitcoin now requires a broader view. Energy prices, electricity markets, and carbon trends are becoming just as important as market demand and investor sentiment.
The message is clear. As energy markets move, Bitcoin is likely to move with them.
The post Bitcoin Falls as Energy Prices Rise: Why Crypto Is Now an Energy Market Story appeared first on Carbon Credits.
Carbon Footprint
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The post LEGO’s Virginia Factory Goes Big on Solar as Net-Zero Push Speeds Up appeared first on Carbon Credits.
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