I read this in today’s Wall Street Journal (subscription required):
“Venture capitalists have been pouring billions of dollars into ‘clean-energy’ start-ups — producers of solar panels, biodiesel fuel and even eco-friendly drywall…
Clean energy represents ‘the biggest set of new market opportunities to come along in a long time,’ says Ken Lawler, a partner at Battery Ventures in Menlo Park, Calif., which is devoting 20% of its investments to clean-tech companies. ‘It’s something you have to be a part of.’
In the first nine months of last year, U.S. venture investors poured $2.6 billion into clean-energy start-ups, more than the $1.8 billion invested in such firms in all of 2006, according to the National Venture Capital Association and Thomson Financial.”
Imagine how much more VC investment would flow to these new clean-energy start-ups under a cap & trade policy that provides an even bigger profit incentive for businesses to develop and implement low- or no-carbon technologies.
A lot. And we need more of it, too, so we’ll no longer need to concern ourselves over antics like this.
This entry was posted on Monday, February 11th, 2008 at 5:14 pm and is filed under Alternative Energy Technology, Cap and Trade, Eco-Business Strategies . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
