From: Inc.com
Cashing In on Clean Technology
Despite the credit crunch and falling oil prices, venture capitalists say green energy is still a good bet.
By: Venuri Siriwardane
Published January 2009
The future of all alternatives to oil rests on a single make-or-break factor -- money. And even as private investors fled other markets last year, clean-tech company coffers were still brimming with venture capital dollars.
Clean tech -- a loosely defined environmental category -- includes companies involved in solar power, biofuels, batteries, water, recycling, even farming.
And as VCs clamored to get in, funding for the industry posted an all-time high of $2.6 billion in the third quarter of 2008.
Experts linked the boom to soaring oil prices, generous tax credits, and a public fascination with all things green.
Though they also say the torrid pace can’t continue, the amount of capital raised globally last year -- $8.4 billion -- still exceeds the 2007 full-year total of $6 billion, according to the Cleantech Group, a San-Francisco-based market research firm....For Complete Article Click On Link Below
http://www.inc.com/articles/2009/01/clean-tech.html
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