Climate Tech To The Fore

From being currently used to mitigate the adverse effects of climate change, technology can also become a powerful tool to help achieve India's net zero goal by 2070 By Jyotsna Sharma

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 THE PWC STATE OF CLIMATE TECH REPORT 2021

• As an emerging asset class, climate tech accounts for 14 cents of every venture capital dollar 
• The average deal size quadrupled in the first half of 2021 from one year prior, growing from $27 million to $96 million
•  Innovative finance remains core to climate tech’s growth
• Mobility and Transport remains the most heavily invested challenge area, with electric vehicles (EVs) and low greenhouse gas (GHG) emissions vehicles as the focus. There has also been significant growth in industry, manufacturing and resource use
• The US remains the most dominant geography raising $56.6 bn from second half of 2020 to first half of 2021, nearly 65 per cent of all funding. China saw $9 bn in climate tech investment 

 

LOOKING BACK AT THE 26th edition of the United Nations Climate Change conference, or COP26 as it is popularly known, held last November in Glasgow, there are more reasons to be optimistic than despondent about the future of the planet. Although a grand unified plan to save the planet remains a distant dream, what gives hope is the commitment of individual countries towards this goal, as was evident in some of the announcements made at COP26.