In the year ending in 1H21 $87.5 billion was invested in climate tech, up by 210% year-over-year, with climate tech now accounting for 14% of all venture capital investment.
The country with the greatest amount of climate investment was the US with $56.6 billion, almost 65% of climate tech funding between 2H20 and 1H21. Europe saw $18.3 billion and China $9 billion in investment in the same period.
The top 5 investment hubs encountered by the report are the San Francisco region, London, Berlin, New York City and Boston, Massachusetts.
“Technology is not the answer, it’s the amplifier of intent, and climate tech alone is not the panacea, but it’s a space that is emerging rapidly as a critical mechanism to bend the emissions curve down and get us back on track towards 1.5 degrees,” noted Leo Johnson, partner at PwC UK.
According to the report the number of climate tech unicorns has risen to 78 of which 43 were in the area mobility and transport.