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The Green Bubble? |
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| Entry Date | 8/7/2008 9:29:49 AM | ||
| Author* | LimeLeap | ||
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Venture capitalists have begun to invest heavily in Green Tech. In fact, in 2006, the amount of capital invested in just about doubled from the previous year. An article on the "Knowledge @ Wharton" website wonders if this is the beginning of a "Clean Tech" bubble. The article points out that the current green tech boom is different from the dot com and housing booms because green tech makes people's everyday lives easier, financially at least. As energy and gas prices climb - and these appear to be higher for the long haul, unlike real estate interest rates - green technology becomes more and more important to people's daily lives. This underlies something that we at LimeLeap have learned and advocated to our clients, namely that green business is good business because it is a great way to cut overhead and in turn affect your bottom line. The article, through interviews and quotes from various experts, goes onto argue that government regulation is increasingly important to make sure that the bubble doesn't burst, or more accurately that there isn't a bubble at all: "New kinds of fuel and new forms of electricity generation often depend on government support during development and will continue to do so during their early stages of commercialization. But the need for subsidies would disappear if lawmakers in the United States and other countries imposed some sort of carbon tax or capped emissions and created tradeable emissions permits (a so-called cap-and-trade system), DeRosa pointed out, adding that either step would make clean technologies cost-competitive with conventional fuels such as oil and coal." Hence with a robust federal energy policy that possibly includes a carbon tax, clean tech businesses might be here to stay... Check back in 5 years. |
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