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How a new class of climate startups could get a boost from the SEC

TechCrunchTechCrunch · 1y ago
How a new class of climate startups could get a boost from the SEC
Medial

The Securities and Exchange Commission (SEC) is set to vote on a climate disclosure rule that would require companies to disclose greenhouse gas emissions. If adopted, this rule would provide investors with information on climate- and energy-related risks faced by public companies. Many startups specializing in carbon tracking and disclosure could benefit from the SEC's proposed rule, including Arcadia, Watershed, Planet FWD, CarbonChain, and Bend. These startups offer various solutions for measuring, tracking, and reporting carbon footprints, aiming to help companies comply with potential reporting requirements. Additionally, advancements in AI have enabled more accurate estimation of Scope 3 emissions, further driving the market for carbon accounting startups.

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Massive Earth Foundation announces fourth edition of climate tech accelerator LowCarbon.Earth

EntrackrEntrackr · 1y ago
Massive Earth Foundation announces fourth edition of climate tech accelerator LowCarbon.Earth
Medial

The Massive Earth Foundation (MEF), in collaboration with the United Nations Environment Programme (UNEP), has launched the fourth edition of the Low Carbon Earth Accelerator (LCE) program, LowCarbon.Earth 2024. LCE empowers climate tech startups in the Asia-Pacific region to tackle the shared challenges of climate change, nature loss, and pollution. For the 2024 program, LCE seeks applications from startups that are working in clean air, agri-food, sustainable mobility, digital innovation, renewable energy, and plastic pollution. Women-led startups and startups that are women-focused and that benefit underserved communities are strongly encouraged to apply. Led by Shailesh Vickram Singh, LCE equips startups with the tools and connections needed to scale their innovative solutions. It offers online training workshops, virtual bootcamps, mentorship sessions, networking events, and seminars. Additionally, finalists get an opportunity to pitch to potential investors and receive one-on-one mentorship from industry leaders in a demonstration-day finale. The 2023 edition of LCE saw the participation of 67 startups, 14 of which made it to the finale. The finalists included seven women founders. The Massive Earth Foundation (MEF) is a non-profit organization building a climate tech ecosystem by uniting investors, VCs, founders, startups, policy makers, and institutions into a vibrant synergy.

As Supreme Court decisions loom, a legal assault is weakening SEC's power

LivemintLivemint · 1y ago
As Supreme Court decisions loom, a legal assault is weakening SEC's power
Medial

A legal attack on the U.S. Securities and Exchange Commission (SEC) is eroding its ability to regulate Wall Street, with the Supreme Court expected to issue two rulings that could further limit its powers. The recent overturning of a major SEC rule on oversight of private funds by a U.S. appeals court is seen as a blow to SEC Chair Gary Gensler's efforts to increase transparency and clamp down on conflicts of interest. The ruling could also expose other SEC draft rules to legal challenges. Conservative-leaning courts have been used by business groups to challenge SEC rules and enforcement actions, part of a broader assault on federal agencies known as the "war on the administrative state". Gensler's aggressive agenda has made the SEC a prime target, as it oversees a wide range of entities with significant financial stakes. The agency is currently facing several lawsuits from financial firms and trade groups, accusing it of exceeding its authority and imposing burdensome regulations. Critics argue that weakening the SEC will harm ordinary Americans, while the industry says it is merely defending its profits. Despite the challenges, Gensler stated that the agency would adjust and adapt to adverse court rulings. The current litigation often alleges violations of the Administrative Procedure Act, which requires regulators to justify rules and consider public feedback. The Supreme Court is also expected to rule on two cases that could have significant implications for the SEC, one relating to its use of in-house judges for enforcement actions and the other challenging the "Chevron deference" doctrine, which requires judges to defer to federal agencies' interpretations of ambiguous laws. Both rulings could further curtail the SEC's authority and impact its ability to enforce regulations.

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