The grim outlook for climate tech
The technology seems promising, but the money is slowing down.
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The technology seems promising, but the money is slowing down.
NEW YORK--(BUSINESS WIRE)--Jan 4, 2024--
Following a year marked by banking industry disruption, geopolitical risks and sustained macroeconomic challenges, small and midsize business leaders are sharing a more balanced outlook heading into 2024, while pulling back from previous predictions of a near-term recession, according to JPMorgan Chase’s 2024 Business Leaders Outlook survey released today.
Climate tech employment has grown in the previous two years and is expected to continue until 2024. In a year when the tech industry experienced significant layoffs, the climate tech sector stands out as a source of opportunity.
A focus on all the ways that greenhouse gases are created, not just from fossil fuels, marks the evolution from clean energy and clean tech to climate tech, according to Melissa Mahoney from V2 communications.