Impakter
  • FINANCE
    • ESG News
    • Sustainable Finance
    • Business
  • TECH
    • Start-up
    • AI & Machine Learning
    • Green Tech
  • Environment
    • Biodiversity
    • Climate Change
    • Circular Economy
    • Energy
  • Industry News
    • Entertainment
    • Fashion & Lifestyle
    • Food and Agriculture
    • Health
    • Politics & Foreign Affairs
    • Philanthropy
    • Science
    • Sport
  • Editorial Series
    • SDGs Series
    • Shape Your Future
    • Sustainable Cities
      • Copenhagen
      • San Francisco
      • Seattle
      • Sydney
  • About us
    • Company
    • Team
    • Global Leaders
    • Partners
    • Write for Impakter
    • Contact Us
    • Privacy Policy
No Result
View All Result
  • FINANCE
    • ESG News
    • Sustainable Finance
    • Business
  • TECH
    • Start-up
    • AI & Machine Learning
    • Green Tech
  • Environment
    • Biodiversity
    • Climate Change
    • Circular Economy
    • Energy
  • Industry News
    • Entertainment
    • Fashion & Lifestyle
    • Food and Agriculture
    • Health
    • Politics & Foreign Affairs
    • Philanthropy
    • Science
    • Sport
  • Editorial Series
    • SDGs Series
    • Shape Your Future
    • Sustainable Cities
      • Copenhagen
      • San Francisco
      • Seattle
      • Sydney
  • About us
    • Company
    • Team
    • Global Leaders
    • Partners
    • Write for Impakter
    • Contact Us
    • Privacy Policy
No Result
View All Result
Impakter
No Result
View All Result
Home TECH Green Tech

Climate Tech Investments Over 60% Higher Than in Previous Quarter, Report Finds

byRina Hoffman
November 6, 2023
in Green Tech
climate tech investments
Share on FacebookShare on Twitter

In a significant upswing, climate tech companies have experienced a staggering $16.6 billion influx of investments in the third quarter of 2023, a new BloombergNEF report shows. This marks an impressive 63% increase compared to the previous quarter’s $10.2 billion.

For climate tech companies, it also marks the “best quarter for fundraising in almost two years,” Bloomberg says.

However, as Bloomberg finds, this surge in financial support coincided with a record-low deal volume, totaling a modest 241 investments in the third quarter of this year. Bloomberg explains that this trend suggests a growing cautiousness among climate-tech investors.

Mark Daly, co-author of the report and BNEF’s head of technology and innovation, says that “[t]his quarter’s funding total was really bolstered by a small number of deals in the high hundreds of millions and even billions,” adding that the high total “obscured the relatively low number of deals that actually happened.”

The report, published last week, looked at the state of climate tech investments across the following five sectors: energy, transport, buildings, industry and agriculture.

Among the sectors, energy emerged as the most heavily funded, securing a substantial $7.4 billion from July to September. Following closely behind were the transport and industry sectors, which attracted $4.6 billion and $2.9 billion in investments, respectively.

In the third quarter of 2023, climate tech investors showed less enthusiasm for low-carbon agriculture, with the quarterly investments in this sector plummeting by 23% compared to the rolling four-quarter average, amounting to a total of $482 million.


Related Articles: Climate Tech Startups Embracing ESG | How Much Are We Investing in Climate Tech?

Notably, the report highlighted a significant 84% surge in deal value within companies focused on decarbonizing heavy industry, attributing it largely to the increasing investor interest in sustainable steel production.

The report also revealed notable geographic transformations. China — having raised $4.5 billion across 25 deals — now leads the world’s climate tech market in terms of funding.

The US is now second in the global climate tech market in terms of funding but remains the leader when looking at the number of deals.

Interestingly, Sweden this quarter ranked as the third-largest climate tech market in terms of funding, recording a 224% increase in investment value in Q3 of 2023 compared to its four-quarter rolling average. Bloomberg attributes this rise to substantial funding rounds secured by two Swedish startups: battery manufacturer Northvolt and H2 Green Steel, which recently signed a deal with Porsche to supply the luxury carmaker with significant amounts of low-carbon steel to be used in their vehicles.


Editor’s Note: The opinions expressed here by the authors are their own, not those of Impakter.com — In the Featured Photo: Solar panels. Featured Photo Credit: American Public Power Association.

Tags: BloombergBloombergNEFBNEFclimate techClimate tech investmentsGreen finance
Previous Post

Southwest Airlines Signs 20-Year Sustainable Aviation Fuel Deal

Next Post

New Requirements for Sustainability Reporting in Europe

Rina Hoffman

Rina Hoffman

Rina Hoffman is a journalist with a background in psychology and cultural studies. She is involved with several animal welfare and conservation projects, and writes about health, the climate, and biodiversity as well as about sustainability in culture, sports and entertainemnt. Rina, Dutch-Croatian, grew up in Utrecht and spent the other half of her life in Europe and the Middle-East.

Related Posts

Why Shoe Soles Disintegrate and How to Prevent It
Business

Why Shoe Soles Disintegrate and How to Prevent It

May 9, 2025
Sustainable Finance: How Green Investments Can Benefit You and the Planet
Business

Sustainable Finance: How Green Investments Can Benefit You and the Planet

April 23, 2025
Earth Day 2025: YPO CEOs Across the Globe Say Environment Is Their Top Priority
Business

Earth Day 2025: YPO CEOs Across the Globe Say Environment Is Their Top Priority

April 22, 2025
Next Post
CSRD

New Requirements for Sustainability Reporting in Europe

Recent News

ESG news regarding eurozone growth stalls, Novo Nordisk ends Hims and Hers deal, Fiserv launches stablecoin, Octopus Energy to launch solar project for Ukraine

Euro Zone Growth Stalls as Manufacturing and Services Struggle

June 23, 2025
AI in research

Recognising and Embracing AI in Research

June 23, 2025
European Commission to Withdraw Law Against Greenwashing

European Commission to Withdraw Law Against Greenwashing

June 23, 2025

Impakter informs you through the ESG news site and empowers your business CSRD compliance and ESG compliance with its Klimado SaaS ESG assessment tool marketplace that can be found on: www.klimado.com

Registered Office Address

Klimado GmbH
Niddastrasse 63,

60329, Frankfurt am Main, Germany


IMPAKTER is a Klimado GmbH website

Impakter is a publication that is identified by the following International Standard Serial Number (ISSN) is the following 2515-9569 (Printed) and 2515-9577 (online – Website).


Office Hours - Monday to Friday

9.30am - 5.00pm CEST


Email

stories [at] impakter.com

By Audience

  • TECH
    • Start-up
    • AI & MACHINE LEARNING
    • Green Tech
  • ENVIRONMENT
    • Biodiversity
    • Energy
    • Circular Economy
    • Climate Change
  • INDUSTRY NEWS
    • Entertainment
    • Fashion & Lifestyle
    • Food and Agriculture
    • Health
    • Politics & Foreign Affairs
    • Philanthropy
    • Science
    • Sport
    • Editorial Series

ESG/Finance Daily

  • ESG News
  • Sustainable Finance
  • Business

Klimado Platform

  • Klimado ESG Tool
  • Impakter News

About Us

  • Team
  • Global Leaders
  • Partners
  • Write for Impakter
  • Contact Us
  • Privacy Policy

© 2025 IMPAKTER. All rights reserved.

No Result
View All Result
  • FINANCE
    • ESG News
    • Sustainable Finance
    • Business
  • TECH
    • Start-up
    • AI & Machine Learning
    • Green Tech
  • Environment
    • Biodiversity
    • Climate Change
    • Circular Economy
    • Energy
  • Industry News
    • Entertainment
    • Fashion & Lifestyle
    • Food and Agriculture
    • Health
    • Politics & Foreign Affairs
    • Philanthropy
    • Science
    • Sport
  • Editorial Series
    • SDGs Series
    • Shape Your Future
    • Sustainable Cities
      • Copenhagen
      • San Francisco
      • Seattle
      • Sydney
  • About us
    • Company
    • Team
    • Global Leaders
    • Partners
    • Write for Impakter
    • Contact Us
    • Privacy Policy

© 2024 IMPAKTER. All rights reserved.