According to PwC’s 2023 State of Climate Tech report, climate tech investments fell by 40% due to economic uncertainty and geopolitical conflict. However, the decline was smaller compared to other sectors. Despite the decrease, climate tech investments as a proportion of start-up investments continued to rise. The report highlighted that investors are focusing on technologies with higher potential to reduce emissions, like green hydrogen and carbon capture. The report also found a steady influx of first-time climate tech investors, indicating the industry’s overall attractiveness. The report emphasizes the need for continued investment in emission-cutting technologies.
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