The State of Climate Tech 2020

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As the COVID-19 pandemic has taken hold of the world, the question of whether venture capital, and early stage investing more broadly, is backing and scaling the innovations our world really needs has never been more pertinent. Life science and biotech investing is an asset class perhaps most resilient and relevant to the short-term impact of COVID-19, but there is another impact-critical investment area that is emerging as an increasingly important investment frontier: climate tech.

This research represents a first-of-its-kind analysis of the state of global climate tech investing.

What is climate tech investing?

“Climate tech” encompasses a broad set of sectors which tackle the challenge of decarbonising the global economy, with the aim of reaching net zero emissions before 2050. This includes low-to-negative carbon approaches to cut key sectoral sources of emissions across energy, built environment, mobility, heavy industry, and food and land use; plus cross-cutting areas, such as carbon capture and storage, or enabling better carbon management, such as through transparency and accounting.