New Age Gold Rush

Indian climate-tech, or climate tech, companies received investments worth US$1 bn in venture capital (VC) funding from 2016 to 2021, making it the ninth highest recipient in the world in this sector.

This was according to a report entitled ‘Five Years On: Global climate tech investment trends since the Paris Agreement,’ released by London & Partners and Dealroom. Co.

The global technology industry plays a crucial role in fast-tracking this transformation worldwide, and the rapid growth of VC investment into global climate-tech companies clearly shows it, said Hemin Barucha, Country Director India, London & Partners. 

He averred that countries globally need to collaborate so that they can collectively transform business practices and honor their commitment to achieve net-zero emissions.

Until 2021, VC investment in global climate tech skyrocketed to US$32.3 bn, almost five times up of US$6.6 bn in 2016.

Globally, for climate tech, Europe emerged as the fastest-growing region worldwide, as VC investments from this continent into these sector’s firms rose seven-fold in 2021 to US$8 bn, up from US$1.1 bn. From here, it has leaped in 2024.

Climate tech in Europe received more investment than any other tech sector in the first half of 2024 –  €7.7bn in equity (and a huge €13.2bn in debt)

Source: Business standard, climatepolicyinitiative.org, dealroom.co