Decarbonization

Syre, a leading textile recycling startup, has raised $100 million in Series A funding to accelerate its mission of decarbonizing the textile industry. The Sweden-based company focuses on scaling textile-to-textile polyester recycling to reduce the industry’s reliance on virgin polyester, a material that accounts for 80% of synthetic fiber

Biomas, a Brazilian reforestation company backed by major corporate investors including Vale, Marfrig, Suzano, Santander Brasil, Itaú, and Rabobank, has initiated its first large-scale environmental restoration project in Bahia state. The Mucununga Project, representing a $9.7 million investment, will plant over 2 million native trees across 1,200 hectares

Clean iron innovator Electra has raised $186 million in a Series B funding round co-led by Capricorn Investment Group and Temasek, bringing its total funding to $214 million. The capital will accelerate the development of its breakthrough fossil-free iron production technology, including a demonstration plant in Colorado slated to launch

Microsoft has entered a five-year agreement with climate tech firm Carba to purchase 44,000 carbon removal credits, with deliveries starting in 2025. This long-term deal underscores Microsoft’s continued investment in durable carbon removal solutions as part of its broader climate goals. Carba, based in Minnesota, uses a patented

European low-cost carrier Wizz Air has announced the launch of its new roadmap, “Flying Towards Net Zero,” outlining its plan to reach net zero carbon emissions by 2050. The airline’s plan includes a nearly 90% reduction in emissions, with the majority of the reductions to be achieved through the

In a landmark moment for climate innovation, Houston-based startup Mati Carbon has won the $50 million grand prize in the XPRIZE Carbon Removal competition, the largest incentive award in climate tech history. The company’s enhanced rock weathering approach, deployed across smallholder farms in India, beat over 1,300 global