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Investment in climate technology has fallen by 40 percent during the last year, this reflects market conditions more than a deliberate move away from the field, according to a new report from PricewaterhouseCoopers LLP.
Despite these challenges, investments in climate tech have remained more attractive than investments in many other kinds of start-up. Venture capital investments and private equity funding, across all sectors, fell by an average of 50 percent YoY, the report said.
Elsewhere, the research found a shift towards greater efficiency in spending for emissions reduction although a disproportionate share of investment is still going to technology with lower potential.
