Why climate tech is the industry to watch in 2024

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Climate tech is designated the harbinger of new hope, as innovations in the industry aim to mitigate disasters.

Aerial view of large electrical power plant with many rows of solar photovoltaic panels for producing clean ecological electric energy in morning. Renewable electricity with zero emission conceptWith every passing day, the world is facing higher volume of climate crisis with unpredictable consequences. As the global temperature continues to rise alongside the occurence of frequent extreme weather events such as heatwaves, and the alarming loss of biodiversity is raising red flags.

Regulation and policy were two of the core drivers behind VC activity in the climate technology space, but rising energy and fuel costs, as well as increasing investor and consumer demand also play a role.What qualifies as climate tech varies from person to person, so for the purpose of this research, PitchBook outlines that it defines climate tech as technologies that act to mitigate climate change by reducing greenhouse gas emissions.

In 2023, the best-funded segments in the climate tech vertical were companies focused on low-carbon mobility , industry , grid infrastructure, and intermittent renewable energy sources. Climate tech companies offer engineers the opportunity to do meaningful and impactful work that is also well-compensated–a rare combination.is a great place to start your search. It has thousands of tech jobs all across the country, like the three below.

This is an area of growing importance for corporate firms and investors as governments around the world tighten environmental, social, and governance regulations.

 

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