Climate Tech: The Canadian Venture Opportunity
The global push for Net Zero creates huge opportunities for Canada’s climate tech innovators, but they will need support to survive ‘valleys of death’ and scale to impact.
The opportunities are vast: BCG estimates $100-150 trillion in new investment will be needed by 2050, while the International Energy Agency believes that half the climate technologies the world will need for Net Zero are still in development.
BCG analysis from our proprietary Green Tech Portal shows that Canada has a successful and rapidly growing climate-tech eco-system. Investment in Canadian climate tech ventures is up 4X compared to pre-pandemic levels, and Canadian innovators got more than their fair share of global investment (2.8% in 2021, 2.3% in 2022, while our share of global GDP remains around ~1.5%). Additionally, 12 of the Top 100 ventures in the Global Cleantech 100 report are Canadian.
Our latest report – Climate Tech: The Canadian Venture Opportunity – details the size and scope of the opportunities for Canada’s climate tech innovators, investors and corporate champions. However, our report also calls out the multiple ‘valleys of death’ faced by Canadian climate tech innovators, and the strategies needed to help them win and scale to impact.