State of Climate Tech Report Q3 2024
Net Zero Insights’ quarterly State of Climate Tech Report and analysis on global funding and deal activity in the private market venture space in 2024
9 October 2024
The projected funding for Climate Tech in 2024 is expected to slightly surpass 2023, reaching $86.6B, including non-dilutive capital, but still trailing behind the record year 2022. While the sector shows resilience, full recovery remains a longer-term goal.
The largest amount funding in Climate Tech for 2024 is directed towards Energy with a strong focus on energy storage, nuclear, and geothermal. Transport follows, driven by EV growth and sustainable logistics, while the Circular Economy sees key investments in rechargeable batteries and recycling. These sectors are driving innovation and sustainability in the fight against climate change.
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