Middle East climate tech investments tripled in 2023, but funds flowing out of region

Quick Summary:

The massive leap bucks a global trend that sees such funding slowing down.

Despite missing out on a huge chunk of investment, local entrepreneurs remain enthusiastic about addressing climate issues, a report says.

Funding for the region’s climate tech start-ups dropped from nearly US$1 billion in 2022, to US$152 million by 2023.

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Article Details

Author / Journalist: Vincent Tan

Category: EconomyBusiness

Markets: SingaporeChileChinaQatarSaudi ArabiaUnited Arab EmiratesUnited States

Topics: Climate tech Innovation Investment Impact investing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-03 @ 02:59:00 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 649 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 21902324

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About Eco-Business

Main Topics: EconomyBusiness

Official Website: eco-business.com

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Year Established: 2009

Headquarters: Singapore

News Last Updated: 1 days ago

Coverage Areas: Singapore

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