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    Home > Chemicals Industry > International Chemical > Global climate technology startups received $17 billion in venture capital in 2020

    Global climate technology startups received $17 billion in venture capital in 2020

    • Last Update: 2023-01-03
    • Source: Internet
    • Author: User
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    Bloomberg New Energy Finance BNEF recently announced that in 2020, climate technology startups received a record $17 billion in funding
    .

    "Climate technologies" are labels for technologies that address the climate crisis, often aimed at mitigation and adaptation
    .
    BNEF divides climate technology investments into six key technology themes: energy transition, transport and new mobility, agriculture and land use, climate and forests, decarbonization of industry and buildings, and circular economy and new materials
    .

    Although climate technology is a new hot topic, especially in Silicon Valley, venture capital firms have been investing in clean energy and climate topics
    for decades.
    BNEF defines climate technologies to include all major cleantech themes, while also addressing mitigation and adaptation technologies to address climate change
    .

    For example, investment and projects in artificial intelligence (AI) continued to grow
    in January, from Asia to the Middle East.
    South Korea's ICT ministry said it will invest $114 million in AI chips this year and has set a goal of
    having a 20 percent share of the global AI chip market by 2030.

    Alibaba and Unilever have launched the Clean Plastics Initiative, a smart plastics recycling program, to create a scale-up AI closed-loop plastic recycling system
    .
    At present, 20 AI intelligent recycling devices have been launched in Shanghai and Hangzhou for pilot projects, and plastic recycling demonstration communities and streets are now being built, and the project will cover more scenarios and radiate more cities
    .

    2020 was the highest year on record for investment in climate technology startups, with $17 billion
    invested globally.
    The bulk of this investment comes from various new climate technology funds, residential cleantech funds and late-stage startups by corporate venture capitalists (CVCs
    ).
    Investment regions are skewed towards the US and China, both of which are focused on transport/new mobility: this appears to be the most popular area
    for climate technology investments across funds.

    Bloomberg New Energy Finance BNEF recently announced that in 2020, climate technology startups received a record $17 billion in funding
    .

    "Climate technologies" are labels for technologies that address the climate crisis, often aimed at mitigation and adaptation
    .
    BNEF divides climate technology investments into six key technology themes: energy transition, transport and new mobility, agriculture and land use, climate and forests, decarbonization of industry and buildings, and circular economy and new materials
    .

    Although climate technology is a new hot topic, especially in Silicon Valley, venture capital firms have been investing in clean energy and climate topics
    for decades.
    BNEF defines climate technologies to include all major cleantech themes, while also addressing mitigation and adaptation technologies to address climate change
    .

    For example, investment and projects in artificial intelligence (AI) continued to grow
    in January, from Asia to the Middle East.
    South Korea's ICT ministry said it will invest $114 million in AI chips this year and has set a goal of
    having a 20 percent share of the global AI chip market by 2030.

    Alibaba and Unilever have launched the Clean Plastics Initiative, a smart plastics recycling program, to create a scale-up AI closed-loop plastic recycling system
    .
    At present, 20 AI intelligent recycling devices have been launched in Shanghai and Hangzhou for pilot projects, and plastic recycling demonstration communities and streets are now being built, and the project will cover more scenarios and radiate more cities
    .

    2020 was the highest year on record for investment in climate technology startups, with $17 billion
    invested globally.
    The bulk of this investment comes from various new climate technology funds, residential cleantech funds and late-stage startups by corporate venture capitalists (CVCs
    ).
    Investment regions are skewed towards the US and China, both of which are focused on transport/new mobility: this appears to be the most popular area
    for climate technology investments across funds.

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