A report revealed that Europe is home to 30,000 climate tech startups versus 14,300 in the US. However, limited venture capital funding, averaging just 0.2% of GDP since 2013, forces these companies to seek capital outside the continent. This dependency threatens European economic and geopolitical resilience. The report calls for immediate policy shifts in energy, food security, frontier technologies, and raw materials, suggesting that Europe leverage its climate tech innovation for a second chance to build industries and improve resilience.
"Thanks to its leadership in climate tech innovation, Europe has a second chance to build leading industries and strengthen its resilience," said Danijel Višević, World Fund general partner and co-author of the white paper.
They warn that Europe has lost the early advantage in climate tech R&D that it established during the 2010s.
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