Venture capital cleans up after investing in climate technology

13 january 2013

 

Venture capital groups invested €400 million (£270 million) in Europe’s so-called clean-tech sector last year, tapping into the potential for technologies that will help the world to tackle climate change.

The figure marks a surge of interest in the area and accounts for 40 per cent of all funds invested in the sector, which develops technologies such as solar panels and fuel cells to reduce carbon emissions.

The rise in investment means that €1 billion of venture capital money has been pumped into the sector since its foundation, according to Library House, the venture capital research group.