Good day. Last week, we asked about the lessons from previous climate-tech disappointments investors are applying to the renewed surge of interest in the sector.

Despite a sharp focus in 2019 on lessons learned from the first wave of climate investing, "the market is so hot that most of the accepted 'lessons' have gone out the window -- VCs are pouring money into climate-tech companies with significant technical risk at soaring valuations," said Piva Capital partner Bennett Cohen. The bull case is that the easy money will support the exit markets for these companies, Mr. Cohen said. READ MORE