companies. As such, in this report, we explore companies who are creating technologies explicitly focused on reducing greenhouse gas emissions or addressing the impacts of global warming, and attempt to assess not just the economic drivers of change, but also determine the carbon emissions reduction potential of climate tech pioneers by 2050. In taking this focus, we hope to shed light on climate tech companies at the forefront of innovation; those businesses that are tackling the climate challenge head on, and helping the UK, and the world to hit the Net Zero target. The UK is second only to the United States for the number of firms working to address the climate crisis - with over 5,200 climate tech pioneers now operating, compared to the US’ 14,300, and second also for investment - which has reached the heady heights of $7.5bn this year so far, yet there is far more to be won than has already been achieved. But, confirming findings from A decade of UK tech, which we produced earlier this year with Google for Startups, the impact sector’s future growth and success is being threatened by dwindling funding for early stage start-ups. This issue particularly affects UK tech businesses when compared to their US and European counterparts because of ecosystem maturity,
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