Environment

Climate tech investment poised for boom in decade ahead, PwC report implies

PWC_report_2020_climate_starups_investments

Photo: Pixabay/nattanan23

Published

October 14, 2020

Country

Comments

0

Share

Published:

October 14, 2020

Country:

Comments:

0

Share

Startups in climate tech, a broad set of sectors tackling the decarbonization of the global economy with the aim of reaching net zero emissions before 2050, attracted some USD 60 billion in venture capital investments in the 2013-2019 period, growing by as much as 3750% over the seven year period.

This appears to have set the stage for a boom of climate tech into the mainstream investment and corporate landscape in the decade ahead, according to a report by PwC.

USD 16.3 billion was invested in climate tech in 2019 alone, compared with USD 418 million in 2013

The compound annual growth rate of climate tech since 2013 has been 84%, with USD 16.3 billion of venture capital invested in 2019 alone, compared with just USD 418 million in 2013.

Climate tech accounted for 6% of overall venture capital activity in 2019

This compares with the venture capital industry as a whole, which deployed USD 264.4 billion last year, implying climate tech investment accounted for 6% of global venture capital activity in 2019.

Mobility and transportation attracted 63% of total climate tech investment in 2013-2019

PWC_report_2020_areas

The sector that saw the most of these investments in 2013-2019 was mobility and transportation, pulling in USD 37 billion, or 63% of total climate tech investment, according to PwC. The compound annual growth rate in this area was as high as 151%.

Nearly half of investment were in the US and Canada, with Europe lagging behind

By region, North America (the United States and Canada) attracted about a half of all climate tech investment in the seven-year period, or USD 29 billion, followed by China, with USD 20 billion, and Europe, which lagged behind, with USD 7 billion.

The top investment hubs, including investments in the mobility sector, were the San Francisco Bay area and Boston in the US and Berlin in Germany.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Tuzla to decarbonize district heating system

Tuzla plans to decarbonize its district heating system

19 October 2021 - Tuzla intends to cut heating emissions to 4% of their current level by 2040 with desulphurization, renewables and network expansion

Public consultation on draft law on waste management kicks-off

Public consultation starts on Serbia’s draft waste management law

19 October 2021 - The Ministry of Environmental Protection has invited interested public and experts to get acquainted with the draft law on waste management

Kosovo Supreme Court three Kelag small hydropower plants must be shut down belaja ulrich eichelmann

Kosovo* Supreme Court: Kelag’s three small hydropower plants must be shut down

19 October 2021 - The facilities are owned by KelKos, a subsidiary of Austria-based Kelag-Kärntner Elektrizitäts and Kelag International.

Timmermans place for gas nuclear energy EU mix

Timmermans: There is place for gas, nuclear energy in EU energy mix

18 October 2021 - The European Commission's Frans Timmermans said gas has a future in the energy mix and that EU has nothing against nuclear energy