83% of Canadian climate tech investment flows abroad: report

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Only 7% of Canadian funding rounds were over US$50 million, compared with 12% in the U.S., according to a report from Boston Consulting Group From jefflagerquist

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion: On corporate citizenship, Canadian companies still have a lot more to doThere’s reason for both mild despair in Corporate Knights’ just-released 2023 ranking of Canada’s best 50 corporate citizens
Source: globeandmail - 🏆 5. / 92 Read more »