Cleaner Tech
Adaptation Is Climate Tech Funding’s Biggest Blind Spot
While billions have poured into startups looking to reduce emissions, very little funding has reached companies looking to help society prepare for climate impacts.
Residents look at the damage caused by floods following heavy rains in Greece. Finding funds to help adapt to the impacts of climate change remains a challenge.
Photographer: Konstantinos Tsakalidis/BloombergThis article is for subscribers only.
Climate tech venture capital funding has increased dramatically over the last decade, but one sector is consistently overlooked: adaptation.
Startups focused on preparing for the impacts of climate change only received 7.5% of global climate tech funding during the period of 2019 to 2020, according to a new report from the Oxford Climate Tech Initiative in partnership with the Skoll Centre at Oxford.