10 Climate Tech Trends to Keep an Eye According to Venture Capital
10 Climate Tech Trends to Keep an Eye According to Venture Capital
From Carbon Capture to Renewable Energy: What's Next in the Race to Net-Zero?
Climate change has become a major concern for global leaders in recent years, as it severely impacts people, animals, and the environment worldwide, forcing countries to take various measures.
To meet the UN Sustainable Development Goals for 2030 and keep global temperature rise below 1.5°C, we will need some technical clout from collective mitigation efforts.
As a result, investments in climate tech have surged as governments urge companies to adopt favorable climate policies and transition to green.
In a nutshell: the world will need dozens of breakthrough climate technologies in the next decade to achieve our long-term goal of near-zero emissions by 2050.
However, experts estimate that up to 50% of the emissions reductions we need will come from technologies that are not yet ready for the market.
The growing awareness of the potential of climate technology is not just about the altruism and nobility of saving the planet but also rooted in the fact that urgency fuels unprecedented opportunity.
This is why our focus today is on mapping the Climate Tech ecosystem trends.
Here are a few numbers and facts:
The number of climate tech companies has grown significantly in the past decade, with approximately 35,000 established between 2010 and 2022.
The U.S. leads with 14,300 startups, followed by the U.K. with 5,200.
Funding for climate tech is expected to reach $20 billion a year in the U.K. alone by the end of the decade.
Major companies like Amazon and Microsoft are investing heavily in climate tech, reflecting the industry's momentum and resilience during economic and energy crises.
Finally, here is a quick snapshot of the "opportunities" of the last years: