India Among World's Top 10 For Climate Tech Investment: Report
NDTV
"Five Years On: Global climate tech investment trends since the Paris Agreement", by London & Partners and Dealroom.Co, analysed the trends in the sector since the last United Nations Conference of Parties (COP) in Paris and ahead of the COP26 summit in Glasgow next week.
India ranks ninth in the list of top 10 countries for climate technology investment over the past five years and Indian climate tech firms received USD 1 billion in venture capital (VC) funding from 2016 to 2021, according to a new report released in London on Tuesday.
"Five Years On: Global climate tech investment trends since the Paris Agreement", by London & Partners and Dealroom.Co, analysed the trends in the sector since the last United Nations Conference of Parties (COP) in Paris and ahead of the COP26 summit in Glasgow next week.
It found that venture capital investment into climate tech companies globally has skyrocketed since the Paris Agreement, with the US and China leading the global top 10 with USD 48 billion and USD 18.6 billion investment between 2016 and 2021 respectively. The UK comes in at No. 4 with USD 4.3 billion after Sweden at USD 5.8 billion.
"Countries around the world need to work together so that we can collectively change business practices and commit to net zero emissions," said Hemin Bharucha, Country Director India, London & Partners - London's business growth agency.
