The startup investment climate has been somewhat grim of late. And despite ever-mounting evidence of approaching catastrophe, financing of climate tech has also suffered, with venture funding down 40% in H1 2023. However, there are some ray
Carbon removal technology that aims to remove carbon emissions from the environment by breaking it down and turning it into something less harmful saw a big splash of attention last year after Stripe, Shopify, Meta, Alphabet and more collectively agreed to pump $1 billion into funding removal startups. Today, a London startup called Isometric hopes to give some structure to that nascent industry. Isometric will use the funding both to hire more scientists and technologists and to work on its products.
A British entrepreneur has raised $25 million to build the world’s first carbon registry solely issuing credits from initiatives that remove carbon rather than