The Climate Tech revolution is being driven by growing public and political awareness of the risks of climate change, as well as technological advances and falling costs of certain technologies. According to a PwC report, the global Climate Tech market has grown from $418 billion in 2013 to over $600 billion in 2019, with an annual growth rate of 13%.
Climate Tech has the potential to not only reduce negative environmental impacts, but also create new economic and social opportunities. For example, according to the International Energy Agency, the transition to clean energy could create more than 40 million jobs by 2050. In addition, Climate Tech can help improve people’s quality of life by providing clean air, water, food and health.
Climate Tech is not only a technical issue, but also a cultural and social one. To achieve the full potential of Climate Tech, there needs to be collaboration across sectors, regions and countries, as well as community and consumer engagement. Climate Tech is not only a way to fight climate change, but also an opportunity to create a better world for us and future generations.
