Johanna Wolfson and Keri Browder in The Hill

Leaders from venture capital firms are launching an alliance to support climate-friendly startups and encourage net-zero emissions in businesses across many industries. 

Members of the Venture Climate Alliance (VCA) are committed to reducing greenhouse gas emissions to net-zero or negative by 2050 and sharing best practices and methods to reach that goal through venture capital investments. 

“We want everyone involved,” said Dan Firger, co-founder and lead adviser of VCA. “The members are driving the agenda themselves and trying to figure out what they want to do together.” 

The alliance officially launched Tuesday and includes 23 venture capital firms, a number Firger and other leaders are hoping to increase. As leaders work to recruit new participants, the group will explore best practices to integrate climate-friendly solutions with businesses.

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