Clean tech investments drop sharply in 2009
by grmeyers
Not too surprising for those who made it through last year, Environmental Leader & The New York Times report clean tech investing fell by 33 percent in 2009.
Source: Cleantech Group
“Venture capital investments in green technology companies declined by 33 percent from $8.5 billion in 2008 to $5.6 billion in 2009, despite a flurry of government subsidies for renewable energy, according to a preliminary report by the Cleantech Group and Deloitte,” the Environmental Leader post stated.
As to the numbers, investments in green technology companies declined from $8.5 billion in 2008 to $5.6 billion in 2009. The decline would have been worse except for a flurry of government subsidies that were made for renewable energy.
For more detail on this report, visit either Fort Collins, CO – based Environmental Leader or The New York Times’ Green Inc. blog.
