The numbers are telling.
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This is accompanied by an annual 100bn investment from national R&D budgets.
This is where VCs can have a catalytic impact, according to World Fund.
Thats because theyre able to support the fast technological and commercial de-risking of innovative climate tech solutions.
Yet, climate tech only represented 13% of the totalVCfunding in 2022.
Namely, Series B funding accounts for a $13bn gap per year.
Valenzuela attributes this to two main factors.
This can range from the decarbonisation impact, to the technological barriers to be overcome.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
