Climate technology as an investment thesis gained mainstream traction in 2021, according to BloombergNEF. Startups active in six climate-related sectors raised a total of $53.7 billion last year, including a banner December which saw $7.6 billion of investment alone, with those in energy, transport and agriculture attracting the most capital. BlackRock Inc., Mubadala Capital, Sequoia Capital and Macquarie Capital stepped into decarbonization and sustainability in a big way, backing climate-focused funds such as BeyondNetZero, the Global Transition Fund and The Climate Rise Fund. Startups in climate tech are growing in maturity, with some ready to build commercial manufacturing capacity ...
