cCarbon’s Deals Q1 2024 report provides a comprehensive analysis of corporate climate initiatives worldwide, offering insights into market trends, type of deal, valuations, and geographical distribution. The analyst note helps in assessing the trends in deals, the markets currently being targeted and serves as an important guide for investors and clients in this space.

Europe’s Dominance:

Europe takes the lead across various key markets and project categories, solidifying its position as the foremost continent in climate initiatives. With significant engagement in removals-based offsets, clean fuels (particularly SAF), North America follows closely behind demonstrating a strong dedication to advancing towards net-zero emissions.

Clean Fuels Ascendancy:

Clean fuels take the lead in forging a path towards net-zero commitments. USA and several European countries are spearheading the movement, propelled through state-level LCFS programs, the Refuel EU regulation, along with global initiatives such as CORSIA. SAF emerged as the leader within the clean fuels segment, in Q1 2024.

Rise of Strategic Partnerships

Corporate entities struck deals in the form of acquisitions, joint ventures, offtake agreements etc. However, ‘partnerships’ emerged as the most prominent type of deal. Corporates are trying to leverage each other’s expertise in the form of partnerships, as companies with similar interests, motives and goals come together for a cleaner corporate world.

Global Investment Momentum:

Deals in Q1 2024 attracted substantial investments and funding, signaling an upsurge in corporate climate commitments. However, our data highlights a concentration of action mostly in Europe and North America.

In a landscape of evolving climate consciousness, our analyst note serves as a valuable resource for investors and clients seeking evidence-backed insights into the transformative trends defining corporate climate action across the globe.