US Leads the Way in Climate-Tech Funding, as China Falls Behind

The US supplanted China as the world’s top market for climate-tech financing in this year’s first half even as the amount invested fell, according to a new analysis from BloombergNEF.

Companies in the US raised $6.7 billion, down from $9.8 billion in the first six months of 2023. But that still topped investments in China, where climate-tech companies raised $5.1 billion in the first half of 2024, down from $14.5 billion during the same period last year.

US importance in the sector will come as no surprise to those following the climate-tech ecosystem closely, given the outsized role US climate policy has had ...