Climate Tech’s Urban Clusters Might Not Emerge Where You Expect

(Bloomberg) — Tomorrow, the US House of Representatives is expected to pass the Inflation Reduction Act. The bill, with its $369 billion for decarbonization, could change the landscape of US climate tech at a stroke — massively scaling up proven technologies like wind, solar and batteries while essentially creating new sectors for green hydrogen and carbon capture. Some of the economic activity that the IRA will generate is likely to map onto existing geographic clusters of economic activity. Venture capital flows into climate tech, for instance, look quite like VC in general.