Technology companies working on combating climate change have raised a record breaking $32 billion so far this year, according to a report published Tuesday.

The amount of venture capital money flowing into climate tech this year has already exceeded the whole of 2020, the report by venture capital analysis firm Dealroom and promotional agency London & Partners said.

Meanwhile, investment in climate tech has more than quadrupled since 2016, when investors backed start-ups in the in the sector with just $6.6 billion.