Climate tech investment falls by 40% amid economic uncertainty – report

Story from Insider here: Climate tech investment falls by 40% amid economic uncertainty – report – Business Insider

Full PwC release here: Climate tech investment falls 40% amid economic uncertainty: PwC 2023 State of Climate Tech

PwC report here: State of Climate Tech 2023: Investment analysis | PwC

Investment in climate technology has fallen by 40% in the last year, according to a report from PwC.

The financial services giant’s State of Climate Tech report for 2023 analysed more than 8,000 climate tech start-ups and more than 32,000 deals worth more than £400 billion.

The report said that the decrease in investment reflects market conditions more than a deliberate move away from climate tech. It comes as economic uncertainty and geopolitical conflict dent investor confidence.

PwC also found that the fall in climate tech investment was significantly smaller than the venture capital and private equity average of 50% across sectors.

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