Climate Tech Investments Rise to $16.6 Billion in Third Quarter (Correct)

Climate tech companies just had their best quarter for fundraising in almost two years, drawing $16.6 billion in investment for a wide range of decarbonization and low-carbon startups, according to a new analysis by BloombergNEF.

The report covering the third quarter of 2023, published on Thursday, takes a broad view of climate tech across energy, transport, buildings, industry and agriculture sectors. It also tracks investment in the so-called climate and carbon segment covering technologies designed to help polluters track or tackle their emissions, including sucking carbon pollution from factories’ smokestacks and storing the gas underground permanently.

Funding from venture capitalists and private equity firms increased by ...