Climate Technology Start-up Raised $ 32 Billion This Year

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Technology companies working to combat climate change have set a record of over $ 32 billion so far this year, according to a report released Tuesday.

The amount of venture capital flowing into this year’s climate technology has already exceeded 2020 as a whole, a report by venture capital analytics firm Dealroom and promotion agency London & Partners said.

Meanwhile, investment in climate technology has more than quadrupled since 2016, when investors helped start-ups in the sector for just $ 6.6 billion.

This is because some of the world’s top investors welcome the potential of climate-focused start-ups. On Monday, BlackRock CEO Larry Fink said Next $ 1 Billion Start-up Enters Climate Technology.. Bill Gates last week 8 or 10 tesla created in space..

Between 2016 and 2021, US climate technology start-ups raised the most money, followed by comparable start-ups in China, Sweden and the United Kingdom.

According to the survey results, Europe is the fastest growing region of climate technology in the world, analyzing technology companies working to reduce greenhouse gas emissions and address the effects of climate change.

European VC investment in climate technology start-ups increased seven-fold in 2016 from $ 1.1 billion to $ 8 billion, the report said.

With the exception of the Bay Area of ​​California, London is the most concentrated climate technology start-up, according to the report. Since then, 416 climate technology start-ups have been set up. Paris Agreement — In a global agreement signed at COP21 in 2015, nearly 200 countries promised to avoid the worst impacts. Climate change. London’s climate technology start-ups total $ 28 billion, according to the report.

Scientists continue to warn that the planet is heading for a climate catastrophe, putting pressure on world leaders and CEOs to significantly reduce greenhouse gas emissions.

Dealroom and London & Partners reports have been released in line with future plans 2021 United Nations Climate Change Conference in GlasgowAlso known as COP26.

“The technology industry is playing a fundamental role in driving innovation in the fight against climate change,” said Laura Citron, CEO of London & Partners, in a statement. increase.

She added: “Today’s findings show the creativity of London’s climate technology companies tackling the climate crisis. Europe’s largest cluster of climate technology companies, world-class researchers and talents, London’s dedicated VC funds and accelerators. Home to a thriving ecosystem. Technology departments are gathering to tackle the global climate crisis. “

Climate Technology Start-up Raised $ 32 Billion This Year

Source link Climate Technology Start-up Raised $ 32 Billion This Year

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