Innovation
Sightline Climate report - The globalization of Climate Tech
- Innovation
- Report
- 5 minutes read
Key Findings
- Investment is diversifying beyond the US. While the US remains dominant in mega-deals, growth capital is rising across new markets. Europe’s deal flow is more stable, while India and MENA are seeing increased late-stage activity.
- Europe is accelerating project deployment, a sign of market maturity beyond venture. The energy transition is entering a phase of deploying cost-competitive technologies at scale.
- Emerging markets are powering the next wave. India, MENA, and Latin America are scaling fast with both national funding and supportive market factors.
- Policy remains the critical catalyst. Strong, durable policy frameworks determine which regions scale first. Europe’s Green Deal, India’s National Missions, and Singapore’s Green Plan show how coherent policy drives private investment.
- Supply chains are the new battleground. From electrolysers to SAF feedstocks, control over supply chains determines competitiveness. Regions with cheap inputs and centralized infrastructure — like India’s manufacturing corridors or Europe’s CO2 storage hubs — are best positioned to scale.
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Climate tech is a global story — shaped by investment, steered by policy, and scaling across continents.
The energy transition narrative has long centred on Silicon Valley and Washington, but new leaders are emerging. Europe, India, and high-growth markets across MENA, Latin America, and Singapore are accelerating investment, deployment, and innovation.
Across regions, priorities may differ — energy security in MENA, export-led growth in Latin America, industrial competitiveness in Europe — yet common threads run through them all: policy ambition, economic opportunity, and technological momentum.
Together, these forces are powering everything from renewables and storage to advanced manufacturing and hydrogen. As they play out around the world, they’re reshaping supply chains, unlocking cross-border capital flows, and fuelling technologies that deliver both impact and returns.
That’s why HSBC Innovation Banking has sponsored a report by Sightline Climate titled ‘Globalization in Climate Tech’ which cover these key forces, the data behind them, and their outcomes.
About Sightline Climate
Sightline is a tactical intelligence platform purpose-built for decision-makers looking to stay ahead in the transition. We provide AI-powered data, tools, and research to help investors, energy and utility leaders, and banks evaluate technologies, monitor tipping points, and act with confidence across sectors in power, grid, fuels, carbon, and industrials.
Disclaimer
HSBC Innovation Banking is a service offered by members of the HSBC Group across our global banking network and sponsored this report which is dated 11 November 2025. This material including, without limitation to the statistical information herein, is provided for informational purposes only. The material is based, in part, on information from third-party sources that we believe to be reliable but, which have not been independently verified by any member of the HSBC Group of companies, and, for this reason, no member of the HSBC Group makes any representation the information is accurate or complete. The readers agrees this information is not tax, investment, legal or other advice, nor is it to be relied on in making any business or investment or other decision and that any person reading this report will take relevant and specific professional advice before making any such decision. Nothing relating to the material should be construed as a solicitation, offer or recommendation for any advice, financial service or to acquire or dispose of any investment or to engage in any other transaction.
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