Climate technology trends that will make a killing in 2024

As the world grapples with the impacts of climate change, climate technology trends will continue to play a pivotal role in driving sustainable solutions.

Technologies aimed at solving the climate crisis focus primarily on reducing greenhouse gas emissions.

Data from PwC (UK) shows that climate tech deals accounted for 10% of all tech deals globally at the end of 2023, a figure that has slowly but surely increased from 1.5% to 10% over the past decade.

Energy Digital quoted Mr. Meir Rabkin - founder and managing partner of Blue Vision Capital (Canada) climate technology venture capital fund - saying that climate technology will explode in 2024 with the following 5 trends:

Những xu hướng công nghệ khí hậu sẽ “hốt bạc” trong năm 2024 - Ảnh 1. — Illustrating the climate tech trends expected to attract investors' attention in 2024. Photo: Killerstartups

Trend of using clean energy

In 2024, the world's transition to clean energy will gain significant momentum, more clearly than in previous years.

With more than 120 countries pledging to triple their renewable energy capacity by 2030, the world is taking a giant leap towards a greener future.

From here, we will gradually eliminate fossil fuels, moving towards cleaner energy sources such as solar energy, wind energy, hydroelectricity or geothermal energy.

Carbon Accounting Software Market

Why is carbon accounting essential to the fight against climate change? Simply because it is a tool that helps companies, businesses and organizations measure, manage and report their carbon and other greenhouse gas emissions.

As every organization strives to achieve carbon neutrality, the development of carbon accounting software will grow rapidly.

The carbon accounting software market is forecast to grow at a staggering rate from $15.31 billion in 2023 to $64.39 billion in 2030.

Groundwater Replenishment Technology

Amid global water scarcity challenges, replenishing depleted aquifers offers a glimmer of hope.

The use of treated wastewater for artificial groundwater recharge marks a paradigm shift in water exploitation, offering a sustainable alternative to desalination.

This cutting-edge approach signals an important step towards responsible water resource management.

Renewable energy will be revolutionized

In 2024, smart, sustainable grid projects powered by solar and wind will continue to lead the movement away from the traditional grid.

Those who are passionate about smart homes, electric cars, etc. will be the ones to gradually "wean" off the traditional power grid and switch to using renewable energy.

Advanced storage battery

The deployment of clean energy combined with the trend of electrifying transportation systems depends heavily on the availability of energy storage solutions, typically advanced batteries.

Recursive website commented that many countries are increasing their battery production capacity with different technological innovations.

European countries such as Poland, Hungary, Sweden, Germany, and France currently lead the rankings in battery production capacity and are expected to continue to increase production due to growing demand from the electric car and renewable energy sectors.

Battery technology is making significant advances and will continue to make significant progress. Lithium-ion batteries are now the dominant technology in portable electronics and electric vehicles. They are also being optimized for energy density, cost and safety.

In addition, emerging battery technologies such as solid-state batteries and lithium-sulfur batteries offer further improvements in energy density, charging and discharging, and battery life.