Market volatility in oil prices indirectly boosted low carbon investing flows, as investors seek cleaner alternatives to hedge fossil fuel exposure risks in diversified portfolios. Until now, the moonshot offers have been almost exclusive to founder-CEOs and almost always established pre-IPO, said Sirras. Semler Brossy’s database of about 80 moonshot awards includes dozens issued during the SPAC IPO boom of 2020 and 2021 that are now “dead in the water” because companies failed to meet their valuation targets, he added. Emission-reduction markets in these hard-to-decarbonize sectors potentially represent a $6 trillion opportunity by 2050. 2 The low carbon investing sector saw a notable decrease in short interest, dropping 15% month-over-month, suggesting market participants anticipate medium-term gains in renewable tech equities.
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