❖ The US is home to the majority of high value climate tech firms, with 91 unicorns, including the likes of Rivian Automotive, creating emissions-free Electric Adventure Vehicles, Impossible Foods, and Tesla Motors - valued currently at $694.1bn. ❖ Estonia, a country known for its strong startup and scaleup sector, outperforms all other countries for investment per tonne of CO2 emitted ($79). Total investment in climate tech companies in Estonia reached over $1bn for the first time in 2022 and Estonia emissions are low (12 MMtCO2e or 0.04% of global emissions) due to its small population. ❖ Sweden invests $53 per tonne of CO2 emitted, placing it second behind Estonia. The nation is a leader in this space because of its climate innovation strategy. It promises to invest SEK 100 million per year towards climate strategies, and technological innovations in energy intensive industries. ❖ 73% of companies applying to Tech Nation’s two Net Zero programmes in 2022 highlighted growing partnerships as a scaling challenge, placing it as the top scaling challenge faced by climate tech startups and scaleups. This was closely followed by expanding into Europe and growing sales.