Cleaner Tech
Climate Tech Investing Slides More Than 40% Over Past 12 Months
Funding dropped to levels unseen in five years, though grants and incentives in the Inflation Reduction Act are providing some stability for startups.
A worker installing solar panels. Climate tech investing, including in starts focused on the energy system, is down year over year.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Climate tech is no longer a bright spot in a challenging investment landscape.
Private market equity and grant funding for climate tech startups globally totaled $65 billion in the 12 months ending Sept. 30, 2023 according to a new report from PricewaterhouseCoopers LLP. That marks a more than 40% decrease compared to the same period a year earlier.