Despite whispers of a downturn earlier this year, investors continue to express confidence in climate tech. Though numbers are down compared with 2021, a year that many agree is an outlier in the VC world, they’re on track to beat 2020 as the second hottest year for investment

Impact investment makes up about 2 per cent of total investments around the globe. It is tiny. But it wasn’t that long ago you could say the same about responsible investing more broadly.

Atlassian co-founder Mike Cannon-Brookes is targeting electric vehicles and the electrification of Australia’s homes as the first charitable projects backed by their $1.5 billion green fund.

The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, and Google Cloud announced today the launch of the Point Carbon Zero Programme, a new initiative aimed at driving the innovation, incubation, and expansion of climate FinTech solutions in Asia.

How is it, despite a steady drumbeat of extreme weather events, a rising tide of public outcry, and growing consensus across the political spectrum, that the world remains so profoundly far from the outer limits of the climate targets considered “safe”?

World Fund, a newcomer in climate-VC land, is taking the lead in a $128 million round for IQM, with hopes the Finnish quantum computing company will one day deliver carbon cuts by the megatonne.

Investment totals held steady in the second quarter while deal count is down

Climate tech startups raised nearly $19 billion in the first half of 2022, on pace to nearly match last year’s record $40 billion in investments. The volume of deals was up 76%, to 477 transactions, compared to the year-earlier period and even 36% higher than the second half of 2021.

Systemiq says it is out to fund founders who are focused on making large industries and cities “more efficient and sustainable.” In practice, it’ll fund key areas like regenerative land use, oceans, transportation and the circular economy.

The free program which starts on August 2 will see 40 successful applicants selected to participate in workshops and presentations that will give them the know-how and skills to raise funds (whether it be angel investing, crowdfunding or venture capital), how to create a business model, a go-to-market strategy, and more.

Aspiring green hydrogen producer LINE Hydrogen has raised $1.38 million from crowdfunding as it looks to play its part in Australia’s renewable energy mix.

The NSW government is to make its single biggest investment in renewable energy infrastructure, committing $1.2 billion to fast-track critical transmission projects to deliver cheaper and more reliable power.

Ampol has announced a new partnership with EnergyLab that will work to support the next generation of female entrepreneurs in climate technology.

Publicly funded research into climate change is going to the wealthiest nations and ignoring new technologies that could ameliorate the effects faster, according to new research.

The New Zealand government said on Monday it would set up a NZ$4.5 billion ($2.83 billion) climate response fund, spending at least NZ$2.9 billion on cutting pollution over the next four years as it targets net zero emissions by 2050.

Enduring Planet, a new fintech firm that exclusively funds climate entrepreneurs, is taking the wraps of its first product after securing $5 million in debt and equity financing.

Investors are pouring money into start-ups that want to build a greener economy

Giant Leap has become the first VC fund in Australia to set a minimum emissions reduction target for climate technology investments.

UK companies attracted 18% of Europe’s cleantech investment amid a record year of funding for the sector, according to new data. The report, compiled by IP and R&D tax credit firm GovGrant, shows that last year investors poured £134bn into cleantech firms across Europe.