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4 climate tech investors speak out on EPA Supreme Court ruling – TechCrunch

Supreme of this week The court’s decision to restrict the Environmental Protection Agency’s ability to regulate greenhouse gas emissions may not have been unexpected, but it was a bombshell nonetheless. Not only did this kill the prospect of swift executive action on the issue, but it potentially cut off a number of regulatory solutions.

The EPA had first sought to rein in carbon emissions through the Obama-era Clean Power Plan, which was abandoned after court losses, and then through Biden administration regulations. Both Democratic administrations relied on a portion of the Clean Air Act that allowed the EPA administrator to use judgment to produce a list of stationary pollution sources “that can reasonably be expected to endanger the public health or welfare”.

Carbon emissions certainly deserve to be on the list, with climate change expected to cause nearly 5 million additional deaths per year by 2100.

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Now, if anything needs to be done about the matter, the court said Congress must explicitly authorize it. Given the current state of Congress, climate legislation isn’t impossible, but it’s also not very likely.

Until that happens, the United States will become increasingly dependent on the private sector to provide climate-focused solutions that not only limit carbon pollution, but also give the country a chance to stay. competitive in a world rapidly moving away from fossil fuels.

“It’s a race we can’t afford to lose, but the Supreme Court just tied weights to our feet.” Peter Davidson, CEO, Aligned Climate Capital

The good news is that the climate tech sector has become a hotbed of activity in recent years, attracting tens of billions in investment. Despite the absence of government action in the United States, investors remained optimistic, in part because of the sector’s huge potential. By 2025, climate technology could attract up to $2 trillion in investment per year by 2025, according to McKinsey.

The Supreme Court decision threatens to pour cold water on that, of course. While that may have dampened some short-term enthusiasm, three climate tech investors remain optimistic that the opportunity still exists and that the private sector can deliver results.


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