Climate tech valuations and investment hold steady

SAN FRANCISCO, June 21, 2023 /PRNewswire/ -- With global efforts underway to achieve a goal of net-zero greenhouse emissions by 2050, the climate technology sector is more stable than other sectors, according to a new report from Silicon Valley Bank (SVB), a division of First Citizens Bank. While the venture capital (VC) ecosystem has experienced the most significant valuation correction in over a decade, climate tech valuations have remained at or above their 2021 levels since investors recognize the growing opportunity for climate technologies.