2023-Climatech-Report-Eng.pdf (innovationisrael.org.il)
Key Findings of the Report:
- In 2022, private market investments in Israeli climate companies amounted to $2.3 billion.
- One in six startups established in 2022 falls under the climate tech category.
- 14 cents of every dollar invested in Israeli high-tech are directed towards climate-related ventures.
- In 2023 there is a 13% increase in Israeli companies developing various technological solutions to address climate challenges, compared to 2022 (an increase of 90 companies). Amounting to a total of 784 climate tech companies.
- The leading sectors today in Israel, with the highest number of companies, are climate-adapted agriculture, clean energy systems, sustainable and smart transportation, alternative proteins, and climate-adapted water infrastructure.
- Focusing on companies established in the last five years, risk management and carbon capture and removal show the most significant annual increase. Climate-adapted water infrastructure dropped from fifth to eighth place in the overall rankings, alongside clean construction.
- Approximately 66% of climate companies established since 2003 employ fewer than 10 people.
- In 2022, the climate tech sector was 400% more resilient than the other existing technologies in Israel.
- 48% of all climate tech investments in 2022 were from foreign sources.
- $71.4 million, constituting 16% of the Innovation Authority’s budget for 2022, was invested in climate tech projects. Throughout the year, the Authority supported 273 technological initiatives in this field.
- More than 20% of Israeli climate tech companies operate in at least 10 other countries.
- The main global markets for Israeli climate technologies include the United States and Canada in North America, and Germany, Spain, and Italy in Europe.