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.
