{"id":1120682,"date":"2021-12-15T07:59:04","date_gmt":"2021-12-15T12:59:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1120682"},"modified":"2021-12-15T07:59:06","modified_gmt":"2021-12-15T12:59:06","slug":"investment-in-climate-technology-has-increased-by-210-since-last-year","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/investment-in-climate-technology-has-increased-by-210-since-last-year\/","title":{"rendered":"Investment In Climate Technology Has Increased By 210% Since Last Year"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Finvestment-in-climate-technology-has-increased-by-210-since-last-year%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1120682&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Global investment in climate technology has skyrocketed by 210% in the past year.<\/p>\n<p>According to research from PwC, a \u201cBig Four\u201d accounting firm, investors have poured $87.5 billion into solutions meant to battle the climate crisis in the year leading up to June 30 \u2014 a significant increase over the $24.8 billion invested in the same period one year beforehand.<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/12\/14\/climate-tech-investment-is-soaring-this-year-pwc.html\">CNBC<\/a> summarizes:<\/p>\n<p>The firm focuses on what it says are the five leading technology solutions: solar power, wind power, food waste technology, green hydrogen production, and alternative foods\/low greenhouse gas proteins. It says these five received just 25% of the climate tech investment between 2013 and Jun. 2021, despite technologies in these areas representing over 80% of the emissions reduction potential by 2050.<\/p>\n<p>The lion\u2019s share of climate tech funding, some $58 billion, went to mobility and transportation companies, PwC said. That includes companies focused on e-scooters, electric vehicles and flying taxis.<\/p>\n<p>The average size of a climate tech deal almost quadrupled to $96 million in the first half of 2021, up from $27 million one year prior, PwC said, adding that the number of active climate tech investors rose from less than 900 in the first half of 2020 to over 1,600 in the first half of 2021.<\/p>\n<p>\u201cInnovation is critical to meeting the challenge and the good news is that climate tech investment is up significantly across the board,\u201d PwC UK global climate leader Emma Cox explained in a statement. \u201cHowever, our research has found there is potential to better channel and incentivize investment in technology areas that have the greatest future emissions reduction potential. This raises the question of why these sectors are missing out \u2014 are investors missing a value opportunity or is there an incentive problem that needs the attention of policy makers?\u201d<\/p>\n<p>In the United States \u2014 where $56.5 billion of the $87.5 billion has been channeled \u2014 policymakers are emphasizing climate policy as a top legislative priority. The pending Build Back Better Act, for instance, contains a provision that would expand the federal electric vehicle tax credit from $7,500 to $12,500.&nbsp;<\/p>\n<p>Transportation Secretary Pete Buttigieg <a href=\"https:\/\/www.dailywire.com\/news\/buttigieg-electric-cars-will-make-it-so-americans-never-have-to-worry-about-gas-prices-again\">argued<\/a> that the legislation would guarantee that Americans \u201cnever have to worry about gas prices again.\u201d<\/p>\n<p>\u201cThe people who stand to benefit most from owning an EV,\u201d Buttigieg commented, \u201care often rural residents who have the longest distances to drive, they burn the most gas, and underserved urban residents in areas where there are higher gas prices and lower-income. They would gain the most by having that vehicle. These are the very residents who have not always been connected to electric vehicles that are viewed as kind of a luxury item.\u201d<\/p>\n<p>In a recent interview with <a href=\"https:\/\/www.dailywire.com\/news\/how-the-democrats-new-tax-bill-reverses-trumps-tax-cuts-an-interview-with-rep-kevin-brady\">The Daily Wire<\/a>, Rep. Kevin Brady (R-TX) \u2014 the Ranking Member of the House Ways and Means Committee \u2014 blasted the electric vehicle credit as a boon for the wealthy.<\/p>\n<p>\u201cUnder this bill, a family making $800,000 per year is eligible for a $12,500 check to buy a luxury electric vehicle with up to a $74,000 price tag,\u201d noted Brady. \u201cThat check they\u2019re getting will be paid for by the maid who comes to clean their house. It\u2019s a stunning giveaway to the wealthy.\u201d<\/p>\n<p>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <a href=\"https:\/\/www.dailywire.com\/subscribe\">member<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global investment in climate technology has skyrocketed by 210% in the past year.According to research from PwC, a \u201cBig Four\u201d accounting firm, investors have poured $87.5 billion into solutions meant to battle the climate crisis in the year leading up to June 30 \u2014 a significant increase over the $24.8 billion invested in the same period one year beforehand.CNBC summarizes:The firm focuses on what it says are the five leading technology solutions: solar power, wind power, food waste technology, green hydrogen production, and alternative foods\/low greenhouse gas proteins. It says these five received just 25% of the climate tech investment between 2013 and Jun. 2021, despite technologies in these areas representing over 80% of the emissions reduction potential by 2050.The lion\u2019s share of climate tech funding, some $58 billion, went to mobility and transportation companies, PwC said. That includes companies focused on e-scooters, electric vehicles and flying taxis.The average size of a climate tech deal almost quadrupled to $96 million in the first half of 2021, up from $27 million one year prior, PwC said, adding that the number of active climate tech investors rose from less than 900 in the first half of 2020 to over 1,600 in the first half of 2021.\u201cInnovation is critical to meeting the challenge and the good news is that climate tech investment is up significantly across the board,\u201d PwC UK global climate leader Emma Cox explained in a statement. \u201cHowever, our research has found there is potential to better channel and incentivize investment in technology areas that have the greatest future emissions reduction potential. This raises the question of why these sectors are missing out \u2014 are investors missing a value opportunity or is there an incentive problem that needs the attention of policy makers?\u201dIn the United States \u2014 where $56.5 billion of the $87.5 billion has been channeled \u2014 policymakers are emphasizing climate policy as a top legislative priority. The pending Build Back Better Act, for instance, contains a provision that would expand the federal electric vehicle tax credit from $7,500 to $12,500.\u00a0Transportation Secretary Pete Buttigieg argued that the legislation would guarantee that Americans \u201cnever have to worry about gas prices again.\u201d\u201cThe people who stand to benefit most from owning an EV,\u201d Buttigieg commented, \u201care often rural residents who have the longest distances to drive, they burn the most gas, and underserved urban residents in areas where there are higher gas prices and lower-income. They would gain the most by having that vehicle. These are the very residents who have not always been connected to electric vehicles that are viewed as kind of a luxury item.\u201dIn a recent interview with The Daily Wire, Rep. Kevin Brady (R-TX) \u2014 the Ranking Member of the House Ways and Means Committee \u2014 blasted the electric vehicle credit as a boon for the wealthy.\u201cUnder this bill, a family making $800,000 per year is eligible for a $12,500 check to buy a luxury electric vehicle with up to a $74,000 price tag,\u201d noted Brady. \u201cThat check they\u2019re getting will be paid for by the maid who comes to clean their house. It\u2019s a stunning giveaway to the wealthy.\u201dThe Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a member.<\/p>\n","protected":false},"author":99,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1120682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1120682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1120682"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1120682\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1120682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1120682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1120682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}