Climate Tech investment trends:
- PwC’s Climate Tech report tracks £475bn in PE and VC activity across 12,000+ startups and 52,000 deals
- UK-based AI Climate Tech firms saw a 2.2x investment surge in 2024, reaching £1.01bn
- The UK accounted for 22% of global AI Climate Tech investment, led by autonomous and industrial applications
PwC’s Climate Tech report tracks £475bn in PE and VC activity across 12,000+ startups and 52,000 deals
PwC’s State of Climate Tech report, now in its fifth edition, offers a comprehensive analysis of the global Climate Tech investment landscape, based on more than 52,000 private equity and venture capital deals across 12,000 startups, amounting to over £475bn.
The report reveals a significant contrast between the global and UK markets.
While global investment in Climate Tech declined by nearly 30% amid rising borrowing costs and economic uncertainty, the UK recorded a 24% YoY increase in funding—totalling £4.5bn in 2024.
This surge reflects the UK’s resilience and its positioning as a favourable environment for sustainable innovation and investor confidence in Climate Tech solutions.
UK-based AI Climate Tech firms saw a 2.2x investment surge in 2024, reaching £1.01bn
In 2024, investment in UK-based AI Climate Tech companies jumped by 2.2x, rising from £440m in 2023 to £1.01bn.
This sharp increase highlights the growing recognition of AI as a transformative force in tackling climate challenges.
UK startups attracted 22% of all global investment into AI-related Climate Tech, underscoring the country’s growing influence and strength in this fast-evolving sector.
The UK accounted for 22% of global AI Climate Tech investment, led by autonomous and industrial applications
Beyond AI, the broader UK Climate Tech sector also demonstrated impressive growth.
Overall investment rose from £3.63bn in 2023 to £4.5bn in 2024, marking a 24% increase.
This uptick not only highlights the scale of investor confidence but also reflects the UK’s expanding ecosystem of climate innovation, spanning renewable energy, green infrastructure, sustainable transport, and digital technologies.
The consistent upward trend in both general and AI-specific Climate Tech investment places the UK at the forefront of the global transition to a low-carbon economy.
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