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

PWC_report_2020_climate_starups_investments

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October 14, 2020

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Published:

October 14, 2020

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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.

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