Cleantech Investing Predicted to Shoot Up 35% This Year
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In 2008, cleantech investing hit an all-time high, and investors insisted it wasn't a bubble. However, there was still a failing economy to navigate. After a bit of a stall last year, we've heard that cleantech investing is expected to rise once again during 2010, by as much as 35% according to a new report by Datamonitor entitled Challenges and opportunities for energy utility companies post-Copenhagen. Business Green reports that despite ongoing uncertainty over climate change policy in the US and EU, according to a report published today by research firm Datamonitor, cleantech investing should see a 35% increase.
The report predicts that the push will come from the wind energy sector,thanks to a major boost from government-backed economic stimulus packages. And even though governments have not stepped up to the plate, businesses are still keenly interested in moving into the cleantech industry.
"Copenhagen did not deliver the low-carbon vision, clear policy landscape and regulatory frameworks that the energy clean tech investment community had hoped for," said Alex Desbarres, senior renewables analyst at Datamonitor. "For all its flaws, however, the Copenhagen Accord gave the clean tech community the sense that private investors will drive the transition to a low-carbon economy."
Late last year we saw a Jeffreys survey show that globally, investments will remain healthy but particularly strong in Europe. And analyst firm New Energy Finance predicts that global clean tech investments will reach $160 billion in 2010, up from $125 billion in 2009. And during the first week of 2010, we saw quite a rush of investing. And today the Cleantech Group reported that $1.9 billion was invested in clean technology during the first quarter of 2010. The prediction that investing will continue to rise seems likely.
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