Climate Tech Investments Rise to $16.6 Billion in Third Quarter
After a dip in climate tech investments to start the year, the last quarter saw a marked increase in dollar flowing the industry.
Solar panels power a green hydrogen producing electrolyzer plant in South Africa. The energy sector saw the greatest total funding in the third quarter of 2023, raising more than $7 billion.
Photographer: Waldo Swiegers/BloombergClimate tech companies just had their best quarter for fundraising in almost two years, drawing $16.6 billion in investment for a wide range of decarbonization and low-carbon startups, according to a new analysis by BloombergNEF.
The report covering the third quarter of 2023, published on Thursday, takes a broad view of climate tech across energy, transport, buildings, industry and agriculture sectors. It also tracks investment in the so-called climate and carbon segment covering technologies designed to help polluters track or tackle their emissions, including sucking carbon pollution from factories’ smokestacks and storing the gas underground permanently.