With a focus on climate tech and impact investing, France wants to be a player in this emerging market.
With average global temperatures reaching record levels, climate change is the hot topic. Investors and politicians are betting on startups to find solutions. Consequently, that has made climate tech one of Europe’s fastest-growing verticals.
While climate tech spans a wide range of products and services, the carbon tracking and offset segment has emerged as one of the fastest-growing categories. Dealroom lists 305 companies globally in this space. They have raised $24 billion, with $23.1 billion of that money coming since 2021.
About 10% of those companies are in France, according to Dealroom. Those 31 French companies in the carbon tracking and offset segment have raised $1.2 billion. The bulk of these companies are at the very earliest stages, with a single company – Sweep – representing $100 million of that investment. Investment in this sector has come from a mix of private investment, government subsidies, and grants.
As companies face more pressure to monitor and reduce their carbon footprint, let’s take a closer look at the challenges and opportunities for this emerging sector in France.
Source: The French Tech Journal
