Investors Expect 2010 To Be A Big Year for Clean Tech
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A new survey shows that clean tech investing will do just fine in 2010, despite the unfortunate outcome of the Copenhagen talks. The Jeffreys survey shows that globally, investments will remain healthy but particularly strong in Europe. In fact, rather than slowing, analyst firm New Energy Finance predicts that global clean tech investments will reach $160 billion in 2010, up from $125 billion in 2009. But, investments will still rely on three factors that can have an impact on just how much investing we'll actually see. Business Green reports, "The survey of 200 clean tech investors representing over $400bn of assets found that respondents believe that continued government subsidies and a general recovery in the credit markets will more than offset any harm done to the sector by politicians' failure to secure a stronger international climate change agreement."
While areas like Europe expect strong investments, they - and companies in the US - will still be relying on support from policy measures, especially subsidies, tax breaks, low interest loans and other forms of assistance. Many people feel that the clean tech sector should be bringing forward technologies that can take hold in the marketplace without these bolsters.
But Bruce Huber, head of European clean tech investment at Jefferies, states, "What is clear is that both local government incentives and transnational policies aimed at putting the brakes on climate change are fundamental to the continued growth of the clean tech industry."
So these support mechanisms will be important to keeping the clean tech sector - a major source of hope for reducing carbon emissions - roaring forward.
Business Green also reports that many of the respondents in the survey expect quite a few high profile clean technologies are just about ready for mainstream adoption, and nearly half of the respondents expect that the mass adoption of electric vehicles is less than five years away.
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