PwC – Net Zero Future50 Middle-East Report

PwC Middle East has conducted an analysis of the climate technology sector in the Middle East and identified 50 innovative companies that have the potential to make a substantial impact in mitigating climate change. These companies, founded by individuals in the region, are driving innovation to reduce emissions and accelerate decarbonisation. Interestingly, the Middle East is breaking the global trend by having a higher representation of female founders in the climate tech landscape. Over a quarter of the companies (26%) in the Middle East Future50 have a female founder, and an additional 32% have a mixed team of female and male founders. This means that women play a significant leadership role in the majority of these companies. The analysis also highlights the main challenges faced by climate tech innovators in the region, namely legal and regulatory issues, funding, and human capital. Despite these challenges, these companies are committed to driving transformative change in addressing climate challenges. Furthermore, the analysis reveals that a significant portion of the Net Zero Future50 companies are focused on technologies in sectors that are responsible for the highest greenhouse gas (GHG) emissions in the Middle East. Specifically, the industries of Industry, Manufacturing, and Resource Management contribute to 29% of GHG emissions, while Energy contributes to 46%. Overall, PwC's analysis showcases the potential of the Middle East's climate tech sector and the important role it plays in mitigating climate change.