We found that investment in climate tech in the first half of 2021 nearly exceeded the entirety of the investment that was made in 2020.
Climate tech brings together the innovative approaches and solutions needed to decarbonise all sectors across the global economy.
Over the past 12 months we've seen really big commitments from both governments and businesses, but we know we need to move from just making those commitment statements to actual action. We're seeing mobility as the most heavily invested in sector. It's being driven by investor excitement around technologies like electric and hydrogen vehicles and new business models which address shared and micro-mobility.
It's not to say that other sectors aren't also growing rapidly so things like food, agriculture, land use and energy are the next largest areas. It's hard to pick on any one area that's going to be the winner of the future, but we think that anywhere where you can combine technology and innovation to take that carbon out of society, you'll get a real value creation impact. So areas like, say, new battery technologies to support the rollout of renewables, or low greenhouse gas alternatives to you know the hard to abate concrete iron and steel are the areas that for me are really exciting.
It's really now a time for action and in taking that action we really need to be brave, because some of those necessary changes are going to be difficult for everybody, for governments and for the private sector, but the cost of us doing nothing is too high.