Global Climate Tech Investment Trend: India Ranked 9th place
Highlights:
- In the Global Climate Tech Investment Trend Report, India ranked in the 9th position in the Top 10.
- According to London & Partners and Co's research 'Five years on: Global climate tech investment trends after the Paris Agreement,' India ranked ninth among the top ten countries for climate technology investment from 2016 to 2021.
- During this time, Indian climate-tech companies garnered $1 billion in venture capital (VC) funding.
- The paper looked at climate change developments since the United Nations Conference of Parties (COP) in Paris, France, in 2016.
- The United States (US) led the list with USD 48 billion, followed by China with USD 18.6 billion.
- Climate-tech venture capital investment surged nearly fivefold, from $6.6 billion in 2016 to $32.3 billion in 2021.
- The research says that worldwide climate tech investment in 2021 will surpass that of the entire year of 2020, proving the importance of the global tech industry in battling climate change.
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