All climate tech startups whose investment has skyrocketed since the Paris Climate Agreement, raising a record $32 billion (€27,5 billion) in 2021. As a driving force of innovation, creativity and making the impossible possible, technology is essential to enable and accelerate transformation at the scale and pace required. Climate tech startups are companies that are applying technologies to reduce greenhouse gas emissions or addressing the impacts of climate change.
More than 80 per cent of the funding is going to energy and transportation startups, though a growing part is also going to food companies and startups focused on the circular economy. Among them, many startups dedicated to second-hand and repaired products. Europe is now the fastest growing region for climate tech, with investment growing seven times since 2016. Europe has likewise seen rapid acceleration of climate tech venture capital (VC) investment and global tech hubs like London, Stockholm and Paris are driving this exceptional growth.