Energy
Energy
Transporation
Transporation
Food, Agrilculture, Land Use
Food, Agrilculture, Land Use
Industry
Industry
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CLIMATE TECH IS EVOLVING RAPIDLY
Source: PwC (2021). State of Climate Tech 2021: Scaling breakthroughs for net zero.
Source: HolonIQ (2023), 2022 Climate Tech VC Funding Totals $70.1B, Up 89% from $37.0B in 2021.
Source: Pigato, Miria; Black et al. (2020). Technology Transfer and Innovation for Low-Carbon Development. World Bank.
USD $70bn+
Overall venture
capital funding for
climate tech in 2022
USD $1.4tn+
Expected value of
companies in carbon
removal or reduction by 2027
3,300+
Climate tech
investment
deals globally in
2023
83
Climate tech unicorns
primarily in the US, China,
Germany, UK and Sweden
USD $18.4bn
Climate tech funding
goinginto storage (the
largest of any sector
globally) in 2022
40x
Growth in overall
climate tech funding
over the past decade
89%
Increase in global
climate tech funding
from 2021 to 2022
2X+
EU climate VC activity
from 2021 to 2022
(largest increase of
any geography)
USD $22.6bn+
Invested in climate tech
outside of US, EU and
China from 2010 -2022
Source: HolonIQ (2023), 2022 Climate Tech VC Funding Totals $70.1B, Up 89% from $37.0B in 2021; and PwC (2021). State of Climate Tech 2021: Scaling breakthroughs for net zero.
Check out the report to see sector-by-sector analysis of the most promising opportunities across the climate technology stack.
Energy
Transporation
Food, Agrilculture, Land Use
Industry
Built environment
Management and reporting
GHG Capture, use and removal
Despite a significant increase in funding and an influx of talent and startup activity, climate tech is still a young field and faces many challenges to building, implementing and scaling solutions. These include the need for additional and diverse funding sources, mobilizing more support from government and corporate entities, talent and workforce, supporting adaptation goals, and ensuring that solutions reach vulnerable communities and populations, among others. Addressing these concerns should be a top priority. This section will explore five significant themes that emerged during conversations with experts. These themes shed light on how we should direct our efforts to ensure that funding, solutions, and the surrounding ecosystem are scaling efficiently and equitably.
1. FUNDING
Main objective:
Increase the amount,
as well as types of available funding for climate tech innovations.
KEY INSIGHTS
2. GOVERNMENTS AND CORPORATIONS
Main objective:
Governments and corporations must help enable climate tech growth and impact at the national and local levels.
KEY INSIGHTS
Main objective:
Create national strategies
to build the talent pool
for climate tech.
KEY INSIGHTS
4. DEVELOPING COUNTRIES AND VULNERABLE POPULATIONS
Main objective:
Ensure that climate tech solutions are reaching communities vulnerable to climate change both in developing countries and developed countries.
KEY INSIGHTS
Main objective:
Build out the adaptation solution set and create the necessary investment strategies around it.
KEY INSIGHTS
This research is just the beginning of the conversation on how to advance the climate tech ecosystem globally and capitalize on the climate tech opportunity. Given that the climate tech field is still young, there are many areas where we need to deepen the knowledge base.The below list provides a snapshot of some of the key questions needed answers, which we hope can help shape a more robust research agenda.
1. FUNDING
KEY RESEARCH QUESTIONS
2. GOVERNMENTS AND CORPORATIONS
KEY RESEARCH QUESTIONS
KEY RESEARCH QUESTIONS
4. DEVELOPING COUNTRIES AND VULNERABLE POPULATIONS
KEY RESEARCH QUESTIONS
KEY RESEARCH QUESTIONS
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