Venture capital (VC) investment in carbon and emissions technology experienced a significant decline, falling to $2.3 billion in the third quarter of 2024. This drop raises concerns for startups that depend on substantial financial backing in a challenging investment climate. Concurrently, European private equity and venture capital activity shows signs of recovery, as highlighted in the recently released H1 2024 report by Invest Europe. The report indicates a positive sentiment among over 250 managers and investors, who express optimism about future activity as macroeconomic conditions stabilize. Despite a decrease in deal volumes, private equity's role in value creation remains strong, with notable impacts from specific investments in Canada's private capital industry. The overall landscape reflects a cautious but hopeful outlook as firms navigate the complexities of private markets and explore new opportunities in sectors like AI and defense, amidst a backdrop of declining renewables investment.