Israel’s State of Climate Tech 2022 - Update

Executive Summary

Development and deployment of climate technologies are required to both mitigate and adapt to climate change, and solutions across a range of industries are growing rapidly. Israel has mirrored this global trend, with the number of Israeli climate tech startups continuing to grow, both in absolute numbers, reaching nearly 700 startups, and as a growing fraction of all new startups founded each year, 14% in 2021. The total amount invested in Israeli climate tech between 2018 – H1 2022 totaled $6.67 billion, growing in the three years between 2018-2021 by 340%, a rate 2.6 times faster than the global investment growth. Global drivers, together with an emerging and growing local ecosystem, are expected to continue to accelerate the growth of Israeli climate tech in the coming years. The effects of climate change are happening now, the impacts intensifying as warming grows, and the likelihood of inevitable and irreversible long-term impacts increasing. Despite global pledges to reduce GHG emissions, we are getting measurably closer to reaching the 1.5°C warming threshold of the Paris Agreement.

PLANETech is a nonprofit climate tech innovation community - a joint venture of the Israel Innovation Institute and Consensus Business Group. PLANETech aims to lead the Israeli and global climate tech ecosystem in tackling climate change via a combination of approaches. This is done by modifying business focus and technologies towards climate change challenges, supporting the deployment and implementation of innovative climate technologies, and by building a global network for climate tech innovators while promoting Israel as a world center for climate solutions.

Uriel Klar Director of PLANETech

Dr. TamarMoise Headof ClimateProgramsof PLANETech

Special thanks to thePLANETech team: AvivaPolisar, TamaraHoffman, DeborahKreis, Gal Sharon, and to the Israel InnovationAuthority.

Israel’s State of Climate Tech 2022 Update