VC funding gap puts Europe’s climate targets at risk, report warns

While Europe’s climate tech companies raised a record $13.2bn in 2022, investment is nowhere near the levels required to combat climate change, according to a new report by World Fund. Specifically, analysts from the European climate tech VC, in collaboration with Cleantech Group and PwC, have found that investment needs are outpacing investment volumes at an exponentially increasing rate. The numbers are telling. For the EU to reach its goal of reducing emissions by 55% by 2030, an annual investment of €1 trillion would be needed. By the same year, 29% of emission reductions would need to come from new…

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