Business

The Jump in Energy Prices Drove More Money to Climate Tech Last … – Bloomberg


Soaring energy costs bolstered investor demand for technology to reduce reliance on fossil fuels last year, providing a bright spot amid a meltdown in global markets.

Investment in climate tech by venture capital and private equity swelled to $59 billion, a 4% increase from 2021, according to a report published Wednesday by BloombergNEF, a clean energy research group. Funding for transportation, including electric vehicles, and companies focusing on clean energy including solar and wind led the 1,182 deals in the period.



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.