Climate Tech Funding Hits $16.6B in Record Q3

• Climate tech investments jumped 224% in Sweden and surged to $16.6 billion worldwide in Q3 2023. China led the way with $4.5 billion, followed by low-carbon energy and transport. 34 new venture capital and private equity funds are expected to inject $8.2 billion.

Climate tech investments saw an increase in the third quarter of 2023, rising to $16.6 billion from the previous quarter's $10.2 billion. Low-carbon energy saw the most investment, with $7.4 billion, followed by transport ($4.6 billion) and industry ($2.9 billion). China reclaimed its position as the leading market, with $4.5 billion in investment, while Sweden saw the biggest increase in funding, with a 224% jump from its four-quarter rolling average. The number of venture capital and private equity funds with a climate tech focus also rose, with 34 new funds expected to inject $8.2 billion into the sector.

How Much Did Climate Tech Invest in 2023 Q3?

• Climate tech investments reached $16.6 billion in Q3 of 2023, surpassing the $10.2 billion of the previous quarter.
• Low-carbon energy sector received the most investment (at $7.4 billion), followed by transport ($4.6 billion) and industry ($2.9 billion).
• China reclaimed its position as the leading market, with a total of $4.5 billion in investment.
•  Sweden saw the biggest increase in funding of 224%, compared to its four-quarter rolling average.
  
• 34 new venture capital and private equity funds are expected to inject $8.2 billion into the climate tech sector.