More than 80 per cent of Canadian investment in climate technology is flowing outside the country, according to new research describing a "valley of death" for green companies attempting to grow beyond startups.
"Institutional investors, which make up the majority of climate tech capital flows, have largely been focused on segments where technology and policy are de-risked, such as wind and solar," BCG researchers toldMeanwhile, about 55 per cent of climate technology investment in Canada came from abroad, according to BCG. Only seven per cent of Canadian funding rounds were over US$50 million, compared with 12 per cent in the United States.
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