What is Climate Tech?

Published on
January 2, 2024
What is Climate Tech?
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‘Climate tech’ refers to technologies, products, services, or natural systems that can help address climate change.

In the context of the climate action ecosystem, these solutions are designed to:

  • Reduce or eliminate greenhouse gas emissions
  • Extract greenhouse gases from the atmosphere
  • Help us adapt to the impacts of climate change
  • Enhance our understanding of climate change

The Climate Tech Ecosystem Includes:

  • Climate Tech Companies: Innovators developing new products and solutions to reduce emissions and enhance climate resilience.
  • Investors: Funding for the development and scaling of climate tech solutions.
  • Government & Policy Makers: Facilitating regulations and policies that drive investment and development in climate tech.
  • Corporations: Large businesses adopting and supporting climate tech solutions to meet their sustainability goals.
“We’re on the threshold of one of the greatest moments of innovation in the world—it’s going to be in the area of the environment. This is a moment where we need to empower, enable, and energize ecopreneurs who are going to get us to where we want to go.”
Mark Benioff, CEO Salesforce, 2021

Climate Tech Solution Examples

Climate tech solutions exist across all sectors and in various stages of maturity. According to Climateworks Australia, solutions must progress through stages from early development to commercialization. After a solution has demonstrated its effectiveness and reached commercial maturity, the focus shifts to accelerating its deployment.

HolonIQ Global Climate Tech Landscape

HolonIQ has created an open-source taxonomy for climate innovation, offering a common structure and language to identify, track, and understand the global landscape of climate tech. They have identified 50 unique elements of climate tech and grouped them into a taxonomy, organised into three categories and nine sectors.

HolonIQ's Climate Tech Taxonomy

Learn more about the Taxonomy

The taxonomy is available under a Creative Commons license and as an open-source project, providing a valuable resource for anyone seeking collaborators, identifying areas of focus, or locating peers in the climate tech ecosystem.

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