Datamonitor predicts clean tech will rise despite failure to deliver international climate change, reports Envido.
Online PR News – 06-April-2010 – – A recent report published by research firm Datamonitor and entitled “Challenges and opportunities for energy utility companies post-Copenhagen” predicts clean tech will rise 35 % in 2010, despite ongoing uncertainty over climate change policy in the US and EU.
This increase will be led by the wind and energy sector, which have received a major boost from government backed economic stimulus packages. As analyst predicts, failure to deliver international climate change will not derail clean tech recovery.
The Climate Change Conference in Copenhagen failed to deliver the low-carbon vision, clear policy landscape and regulatory frameworks that the energy clean tech investment community had hoped for. However, despite the failure to deliver an international climate change deal and ongoing uncertainty about the future of the carbon markets in the US and Europe, growing numbers of businesses are increasing their investment in clean tech.
Capital investment in clean tech firms fell following the onset of recession in 2008
Cleantech Group suggested that while venture capital investment in clean tech firms fell 33% last year to £3.76 bn, the sector fared better than many other industries and has overtaken biotech and IT as the largest venture capital investment categories.
This study is the latest in a series of reports to suggest that the clean tech sector is recovering well after venture capital investment levels collapsed following the onset of recession in 2008.