Technology companies working on combating climate change have raised a record breaking $32 billion so far this year, according to a report published Tuesday.
Meanwhile, investment in climate tech has more than quadrupled since 2016, when investors backed start-ups in the in the sector with just $6.6 billion.
On Monday, Blackrock CEO Larry Fink said he expects the next 1,000 billion-dollar start-ups to be in climate tech.
Between 2016 and 2021, climate tech start-ups in the U.S. raised the most funding, while their equivalents in China, Sweden and the U.K. were next in line.
Europe is the fastest-growing region globally for climate tech according to the findings, which analyzes technology companies working to reduce greenhouse gas emissions or address the impacts of climate change.
Larry Fink, Bill Gates
London, Partners, Blackrock
U.S, China, Sweden, Europe