The push to lower global greenhouse gas emissions has seen an increasing amount of early-stage capital flow to companies developing decarbonization solutions.
Climate-tech startups raised $53.7 billion from venture capital and private equity (VC/PE) in 2021, according to our latest Investment Radar. Almost $22 billion of the total went to the transport sector, in technologies ranging from lithium-ion batteries to electric aviation.
BNEF defines ‘climate tech’ as technologies and business models that act to decarbonize six sectors: energy, transport, buildings and infrastructure, carbon and climate, industry and agriculture. Energy and transport have typically been the most popular areas for investment, accounting for over two-thirds of funding last year, although the nascent agriculture sector has been gaining traction.
Read More at Bloomberg
Read the rest at Bloomberg