2023 was a rough year for climate tech. While it fared slightly better than other sectors, total venture and private equity investment in planet-saving technologies fell 40% last year, down to a five-year low. It wasn’t all doom and gloom, however. For one, the EU enacted the Green Deal Industrial Plan, which makes over €1trn available for everything from EVs and carbon capture plants to battery storage and green hydrogen. Moreover, we witnessed the rapid rise of AI which promises to bring unprecedented efficiencies to the production and operation of clean technologies. Hard-to-decarbonise but heavily polluting sectors like the built…
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