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Climate Tech Funding Is Showing Signs of Resisting Market Turmoil, But It’s Complicated

Investment totals held steady in the second quarter while deal count is down

A solar farm in Sonsonate, El Salvador.

A solar farm in Sonsonate, El Salvador.

Photographer: Camilo Freedman/Bloomberg

Funding for companies working on technology to decarbonize economies may be at least partly resistant to the investor malaise that has hammered tech stocks and venture capital markets. But it’s hard to say for sure.

Venture capital and private equity investment held steady at about $12 billion in the second quarter from a year earlier, according to a BloombergNEF review of flows into six climate-related sectors published this week. The $27.9 billion of investment in the first half of 2022 was 47% more than the same period a year ago.