the ambitious investment targets set ahead of COP26 that would be needed to achieve the climate change outcomes desired, and it would need to happen alongside a significant ramping up of cross-industry de-carbonisation. It is encouraging nevertheless that climate tech startups and scaleups have shown no signs of slowing down in terms of outcomes. Climate tech stocks are currently still outperforming the Nasdaq stock market, which we hope are the first signs of a decoupling of climate tech from being affected from any potential recession. International Distribution of Firms The UK is second only to the United States for the number of rms working to address the climate crisis - with over 5,200 climate tech pioneers now operating, compared to the US’ 14,300.