The Story of Climate Tech
Finance has a new goal: to battle climate change. Increased frequency of extreme weather events and a more focused, global effort towards net-zero emission now raises calls for climate tech solutions and with that, funding.
Sustainable finance aims to help in decarbonizing solutions. Renewable power generation, sustainable forestry and EVs are growing and finance has backed these areas up. More and more private equity firms have detected the winds of change. In 2021 alone, over $14 billion have flooded various climate and clean tech funds.
Global investors have pushed for climate centric investments, with funds in 2021 equivalent to the previous five years combined! Low-carbon or zero-carbon real estate and infrastructure has picked up the pace ever since the Biden-Harris administration entered the picture. Their call and firm stance on slowing down climate change has been followed by investments in start ups focusing on reducing carbon footprints of buildings.
It’s clear that North American and Canadian markets have entered the race against climate change in a big way and don’t show any signs of stopping soon.
Learn more at: https://pitchbook.com/news/articles/climate-tech-startups-and-investors-fundraising
