2024 Australian Climate Tech Industry Report
Research to reality: New technologies for global climate impact
The 2024 Australian Climate Tech Industry Report provides detailed insights into the dynamic Australian climate tech industry and its potential to support the nation’s net zero ambitions.
Australia is well placed to lead on climate tech innovation and as a major investor in this space, the CEFC is pleased to see its clean energy-related commitments play an important role in the sector’s expansion and the increasing maturity of its participants.Malcolm ThorntonHead of Impact Capital, CEFC
About this report
2024 Australian Climate Tech Industry Report
The Australian Climate Tech Industry Reports are developed by Climate Salad, an active network to boost climate tech companies in Australia. As a major climate tech investor, the CEFC is pleased to support this work.
2024 Australian Climate Tech Industry Report
2023 Australian Climate Tech Industry Report
about the industry
A growing, maturing sector
The 2024 industry report reveals that Australia’s climate tech industry has strength and momentum with global regulation driving new customers. With the right mix of capital injected now, Australia could build the industry and jobs of tomorrow.
The report is based on self-reported data from 689 participants and a smaller subset of 200 Australian climate tech companies providing more nuanced, detailed views on the challenges and opportunities ahead.
Climate Salad participating companies cover a broad range of sectors including the circular economy, data and finance, renewables, agriculture and food, the built environment, carbon markets, storage, mobility, resources and biosphere.
The CEFC and climate tech
The transition to a net zero economy is creating enormous opportunities for new technologies, new business models, rapid innovation and commercialisation in the climate tech sector.
Our investment in climate tech innovators and entrepreneurs is helping them capitalise on the sustainable economy of the future and make real and lasting impacts both in Australia and through their expansion to global markets.
The companies backed through the Clean Energy Innovation Fund and Powering Australia Technology Fund are providing a host of solutions that support a net zero economy, from more efficient and flexible solar to biotech that boosts soil carbon, from plastic recycling solutions through to products that can help us improve transport efficiency and more.
report findings
2024 climate tech market insights
The Climate Salad report found that while market conditions continued to make raising capital challenging, Australian tech had the potential to create both domestic and international impact.
Other findings include:
– Climate Salad report companies had raised $1.4 billion in capital and 80 per cent of them were aiming to raise capital in the next 12 months
– Of the companies surveyed, 49 per cent already operate internationally and 42 per cent intend to expand overseas in the next two years
– Gender diversity in climate tech companies is high with 43 per cent reporting having at least one female founder
– Measuring climate impact remains a complex challenge, but Australian climate tech is demonstrating a breadth of impact when compared with UN Sustainable Development Goals (SDGs).
