Weekly intelligence — Climate economy

The climate transition is the largest reallocation of capital in a generation. Microclimate tracks where it goes.

Every week: the deals, the policy moves, and the investment logic behind the numbers. Written for professionals who need to understand the climate economy — not just follow it.

€344B

EU climate investment gap — per year — through 2030

↗ Climate Tech Funding Carbon Markets Green Finance ↗ Urban Regeneration Policy Signals Nature-Based Solutions ↗ Adaptation Economy Real Asset Repricing Private Credit ↗ Climate Tech Funding Carbon Markets Green Finance ↗ Urban Regeneration Policy Signals Nature-Based Solutions ↗ Adaptation Economy Real Asset Repricing Private Credit
Thesis 01

Most climate media is written for people who want to feel good.
Microclimate is written for people who want to position.

The transition is happening regardless. The question is which sectors, geographies, and instruments absorb the capital first — and what the entry points look like right now. Every issue maps the deals, the policy moves, and the investment logic that professionals actually need.

Coverage Every Thursday

01 —

Capital & Investment

Where climate finance is flowing. Which funds are raising, which bets are paying off, and what smart money is positioning for next.

02 —

Cities & Real Assets

Urban regeneration meets capital allocation. Real estate repricing, infrastructure investment, and the economic logic of the physical transition.

03 —

Policy & Market Signals

Which regulatory moves create or destroy market value. Policy noise turned into investment signal.

Issue #1 — March 2026

Europe is closing a €344 billion gap. Someone will profit.

There is a number that explains almost everything happening in European climate finance right now: €344 billion. That is the annual gap between what Europe currently invests and what it needs to invest to meet its 2030 targets. Not the total gap over a decade. Per year.

When public instruments de-risk projects at scale — through guarantees, blended finance, first-loss tranches — the return profile on private capital changes. What was previously uninvestable becomes investable.

"The gap is not shrinking because the problem is being solved. It is shrinking because the infrastructure to route private capital into the transition is finally operational."

This week we tracked three deals that illustrate this shift. Partech closed a €300M growth fund linking carried interest to emissions performance. Montis VC reached a €50M first close in CEE energy transition. Goldman Sachs provided a $79M private credit facility to Andion CH4 for biogas expansion across Italy and the Nordics.

Four signals to watch — including why the €70B adaptation market is almost entirely unfunded, and what CBAM means for European manufacturers right now.

Subscriber content Read free →
€344B

Annual EU climate investment gap

54%

New global climate funds raised in Europe — 2025

€75B

EIB financing committed over next 3 years

Intelligence for professionals who need to understand the climate economy — not just follow it.

Read this week's issue →

Free, every
Thursday.

Join professionals across Europe and North America tracking where capital, policy, and technology converge in the climate transition.

Read this week's issue → Browse past issues →

Free. No spam. Unsubscribe anytime.