Startups and venture capital investors may be the least affected by the Supreme Court's ruling in West Virginia v. EPA. In fact, they may stand to benefit in the short and medium term from lower regulatory pressures.

Why it matters: A majority of investor activity in the industry remains contained to private markets as young companies test and scale new technologies in areas like carbon capture.

What's happening: Investors are confident the business case remains for climate technology startups regardless of the regulatory landscape.

Between the lines: There is a societal good argument at play as well, with investors and founders adamant that the ruling will not affect long-term commitments to combatting climate change.

Yes, but: A looming recession could change the demand outlook for pricey technology that hasn't been extensively proven, Sozo Ventures managing director Spencer Foust says.

The bottom line: "The startup community has seen policy change before, and policy setbacks demand that entrepreneurs innovate around their business models. Entrepreneurs can’t be stopped, but they may be temporarily slowed down in some specific technology categories," Elemental Excelerator CEO Dawn Lippert tells Axios.