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Introduction to Climate Tech: A Taxonomy Overview


Introduction to Climate Tech: A Taxonomy Overview

October 26, 2021

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This report was reuploaded on January 20, 2022 to update the graphic on page 5. 

Launching our new climate tech coverage

Decarbonizing the planet will leave no part of the economy untouched. This transformative process presents innumerable challenges—but also unprecedented opportunities in the climate tech space.

This sector has become a critical area of innovation, and it’s attracting an increasing amount of VC. Investors poured a record $30.8 billion into climate-focused startups in the first nine months of 2021, and their interest is only expected to grow as the market expands.

PitchBook is excited to release our new climate tech coverage as part of our expanding Emerging Tech Research. Our Introduction to Climate Tech organizes the nascent industry into a clear taxonomy. 

Key takeaways
  • A comprehensive market map of the climate tech landscape, including over 2,500 startups across 46 industry categories.
  • An overview of the climate tech sector, comparing the current technologies with the earlier clean tech boom focused on renewable energy technologies.
  • Detailed analyses of highly specific subgroups, separating electric transportation from the rest of sustainable transportation, and distinguishing clean energy generation and grid tech.

Table of Contents
Vertical overview 3
Climate tech versus clean tech 1.0 4
Climate tech taxonomy 5
Climate tech VC ecosystem market map 6
Segment overview 8
Energy transition: Clean energy generation 9
Energy transition: Clean grid technology 12
Electric transportation 15
Mobility solutions 18
Food systems 21
Land use 24
Clean industry tech 28
Built environment 31
Carbon tech 34