In accordance with the report ‘Five years on: Global climate tech investment trends since the Paris Agreement’ by London & Partners, and Dealroom.Co, India ranked 9th in the list of top 10 countries for climate technology investment from 2016 to 2021. Indian climate tech firms received USD 1 billion in venture capital (VC) funding in this period.
- The report analyzed the trends in the climate sector since the 2016 United Nations Conference of Parties (COP) in Paris, France.
- The list has been topped by the United States (US) with USD 48 billion which is followed by China USD 18.6 billion investment.
Table showing Top 10 countries in Climate Tech Investment:
|1||United States (US)||48 billion|
|4||United Kingdom (UK)||4.3 billion|
|8||The Netherlands||1.3 billion|
i.Overall, global climate tech VC investment increased from USD 6.6 billion in 2016 to USD 32.3 billion in 2021.
- It represents 9 times more investment compared to 2016 when the Paris Agreement was signed
ii.This VC is hugely backed by the global tech industry. The investment levels in 2021 have already exceeded 2020 for global climate tech investment.
iii.Europe is the fastest-growing region globally for climate tech, with European VC investment into climate tech firms are seven times higher this year than in 2016 (up from USD 1.1 bn to USD 8bn).
- London is one of the world’s most advanced ecosystems for climate tech, with its start-ups raising USD 3.3 billion since 2016, accounting for 1% of Europe’s total.
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About London & Partners:
Chief Executive Officer (CEO)– Laura Citron
Headquarter– London, United Kingdom (UK)