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(Source: Tech Nation, Net Zero Insights, 2022) Since 2018 Estonia has seen the highest proportions of all investment made into climate tech firms, consistently reaching over 80% for the last four years, including this one. Unicorns and exits Globally there are 160 climate tech unicorns, companies valued at over $1bn, of which 6% are based in the UK The UK has 9 climate tech ‘unicorns’ (companies valued at $1bn+); Octopus Energy, Britishvolt, Newcleo, Depop, ITM Power, Ceres, OVO Energy, Smart Metering Systems (SMS plc) and Vertical Aerospace. These make up just under

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