1、June 2023A look at the technologies driving a sustainable futureThe scientific consensus is clear.The world must achieve net-zero greenhouse gas emissions by 2050 to mitigate the worst human impacts of climate change.While this is a daunting task,it is possible.Achieving net zero doesnt hinge on a s

2、ingle moonshot scientific breakthrough,but rather on incremental technological improvements and the mass scaling of technologies that already exist in the lab.To do that,climate tech innovators must lead the way.We understand the important role tech companies play in helping to solve the climate cri

3、sis and are optimistic about the future.This report leverages SVBs propriety data and sector expertise for an updated look at the state of climate technology.Much has changed since our last report.Market challenges in tech and financial services have created short-term headwinds for founders and inv

4、estors.But the long-term outlook for climate tech companies is bright.Climate tech has remained resilient despite a global slowdown in the venture capital(VC)ecosystem.Investors recognize the growing demand for climate tech solutions.No data point illustrates this optimism better than the resiliency

5、 of climate tech valuations.While the VC ecosystem has seen the most significant valuation correction in over a decade,climate tech valuations have remained at or above their 2021 levels.Government policies such as the Inflation Reduction Act(IRA)have boosted tax credits and incentives,while demand

6、for sustainable solutions among consumers is pushing businesses and money managers to consider climate costs in their decision-making.At the same time,tech advancements have given rise to a burgeoning new cohort of companies and new sectors built on foundational clean tech such as solar,wind and bat