Volatile markets and big selloffs for speculative stocks hardly slowed funding for clean-energy projects this year. Some investors are betting on a boost in 2023 as Washington’s climate and spending legislation kicks in.
After a record-setting period for green finance, fundraising has slowed slightly but is still well ahead of levels from a few years ago. Big companies have raised about $1.15 trillion in green and sustainability-linked bonds and loans in 2022, down from 2021’s record of $1.3 trillion but more than double the 2019 and 2020 figures, Dealogic data show.
Startups have privately raised about $47.5 billion in equity, down from roughly $55 billion in the previous year but also well ahead of the pace from a few years ago, according to PitchBook. Funding for clean-energy projects and companies slowed less in both categories than it did for the broader market.