Clean Tech: Is the Bloom Off the Rose?
Saturday’s New York Times reports that venture investment in the clean tech industry fell 84 percent from the 4th Quarter of 2008 to the first quarter of 2009, back to levels of four years ago.
The huge drop in investment ($154 million in 33 companies, an average of less than $5 million per investment) indicates either a lack of belief in the industry’s future and/or a lack of good new ideas coming to the front. Either way, it does indicate a slower growth of green jobs a few years out. Time to go back to the basics of energy and water conservation and intelligent land use and not depend on technology to bail us out of the global warming bucket?
Posted by (JavaScript must be enabled to view this email address) on 04/18/2009 at 07:51 AM
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