AL-QUDS (Dispatches) – Investments in the Zionist regime’s climate tech sector fell by 39 percent, from 1 billion U.S. dollars in 2023 to 613 million dollars in 2024, according to the 2024-2025 Climate Tech Status Report issued by the Israel Innovation Authority (IIA) on Sunday.
The decline reflects a global trend, with climate tech investments worldwide dropping by 41 percent, said the report, jointly written by the IIA and the Israeli organization PLANETech.
According to the report, climate tech investments made up 6.4 percent of the regime’s total tech investments in 2024, down from 14.5 percent in 2023.
The number of funding rounds declined from 135 in 2023 to 90 in 2024, while more than 90 percent included international investors, it noted.
The report added that there are currently 946 active climate tech companies in the Israeli-occupied territories, including 49 new startups launched over the past year. Of these, 27 percent focus on advanced food technologies, while 10 percent each work on smart agriculture and food waste reduction.
Israeli climate tech companies have raised 9.5 billion dollars in total since 2018. The sector’s investment base now includes over 50 dedicated climate-tech venture capital funds, up from fewer than 10 in 2021.
The IIA has invested 257 million dollars in climate tech over the past three years, with 105 million dollars allocated last year, according to the report.