Dented Confidence Leads to 40 Percent Fall in Climate Tech Investments: PwC

Among reasons leading to lower investment confidence are economic uncertainty and geopolitical conflict.

A turbine from the Esvagt Alba during a visit by the British prime minister to the Moray Offshore Windfarm East, off the Aberdeenshire coast, during his visit to Scotland on Aug. 5, 2021. Jane Barlow - Pool/Getty Images

Climate tech investments in the UK fell 40 percent this year owing to lower investor confidence, financial services giant PwC has said.

PwC’s 2023 “State of Climate Tech” report, published on Tuesday, cited economic uncertainty and geopolitical conflict as reasons for the slowdown in climate tech investments.