SVB collapse unlikely to hit funding for climate tech hard - Carney

Mark Carney, the United Nations Special Envoy on Climate Action and Finance, said he did not think the collapse of Silicon Valley Bank would have a "material" impact on the availability of capital for climate-related technologies.

"I don’t foresee that this is material for the availability of capital for climate tech," the former Bank of England Governor told a British parliamentary committee hearing.

California-based Silicon Valley Bank, which focused on lending to technology companies, was shuttered on Friday following a bank run.