Climate tech startups grab growing share of muted global venture capital: PwC

Climate tech startups grab growing share of muted global venture capital: PwC

FILE PHOTO: Workers inspect solar panels at a photovoltaic power station on a hill in Linyi, Shandong province, China August 11, 2018. Picture taken August 11, 2018. REUTERS/Stringer/File Photo

Investment and grants in climate tech startups have fallen just over 40% over the last 12 months, but that plunge is less precipitous than the broader venture capital industry globally, analysts at PwC said in a report released on Tuesday.