Alfred and Pan provided portfolio companies in the Loyal VC fund a webinar on What startups need to know about environmental markets. The discussion focused first on the economics underlying environmental markets and specifically how carbon markets are designed and operate. Then the conversation moved to how these markets are impacting startups. On the one hand, investors are increasingly focusing on measuring and managing climate risks, so startups need to be prepared to provide reporting on the metrics investors ask for. But, carbon markets are also an opportunity to develop new business and to proactively engage with a client base seeking low carbon solutions.