subscribe

Once a day
Get Articles by e-mail:

Also
Get Today's Climate by e-mail:

Climate Science Links

U.S. Government

International

Academic, Non-Governmental

Clean Tech Sector

Three Conferences and an Outlook
Take a look at ACORE -- -- and you'll get an idea of the thriving health of the clean tech sector. Five years ago, ACORE did not exist. Now, the umbrella trade group's three annual conferences are booming affairs: a trade show in Las Vegas for the clean tech companies to sell their wares, an investor conference in New York City flooded with business suits from Wall Street, and an SRO policy conference in Washington, held in a Senate office building. The following emerge out of the policy conference in 2006:

600 gigawatts of new electric generating capacity AND 40% of the nation's transportation fuels

Okay, ACORE is a trade organization, and those are awfully bullish numbers supplied by its members, without hard core economic analysis. But it's the kind of message that has gotten the US State Department -- otherwise deaf to global warming -- to take action. Watch in March 2008 as Condoleeza hosts the , billed as the largest renewable energy expo ever in the US.
The last ingredient contributing to the success of clean tech? Venture capital. It's more than doubled its investment in clean tech over the last two years, reaching $2.9 billion in 2007. After biotech and computing, clean tech is where most smart money -- like Vinod Khosla's, of Silicon Valley fame -- is flowing. Here's what John Doerr, whose VC firm got rich from investments in Google and Amazon thinks about clean energy: "it's the largest economic opportunity of the 21st century."
The big banks are also starting to recognize the immense opportunity at hand. investment opportunity; the clean energy will create a market worth $1 trillion by 2030.  
Time to Change the Rules
For decades after the oil embargo, the US Department of Energy sunk billions in clean tech R&D. US entrepreneurs didn't much care. But the Europeans and the Japanese knew a good thing when they saw it. They snatched up the research, commercialized the innovations and today stand at the top of the clean tech heap. From a competitive standpoint, America is in catch-up mode.
All that's needed now is the national legislation to provide tax breaks and research subsidies for clean tech -- the very things now still enjoyed by oil and gas companies. Change the rules and there's a good chance ACORE's bullish outlook will come true.
 
 

As China vaults ahead on clean energy, "need for a renewable energy standard has reached a critical stage," advocates say
Congress must pass a national renewable electricity standard (RES) this fall to stop the dramatic...
Sep 16, 2010 | Read More
After Congress pilfers another $1.5 billion from DOE loan program, fed-up industry groups express outrage and concern
WASHINGTON—Forgive the renewable energy industry if it's experiencing what baseball's New York...
Aug 12, 2010 | Read More
Fearing loss of jobs, renewable energy industry says delay is "beyond comprehension"
Federal law that would require utilities to generate a portion of their power from renewable...
Jul 23, 2010 | Read More
Bipartisan bills introduced in both the House and Senate would electrify half of all U.S. cars and trucks by 2030
WASHINGTON—Seven Democratic and Republican legislators are proposing a prescription for the...
Jun 2, 2010 | Read More
Router and switch breakthrough streamlines communications networks, cuts utility operating costs by 45 percent
Networking giant Cisco announced the first offerings in its "Connected Grid" portfolio...
May 26, 2010 | Read More
As Senate considers climate law, report says desert solar farms can be as cheap as coal by 2025
The United States could position itself as the global leader in producing utility-scale solar...
May 14, 2010 | Read More
Opponents Say AB 32 Will Add Costs; Supporters Say Those Costs Already Exist
Economists, particularly economists at conservative think tanks, have been busy this month telling...
Apr 28, 2010 | Read More
The World is Counting on These Future Engineers to Solve Climate Change
While most green jobs training programs focus on skills like solar panel installation,...
Apr 21, 2010 | Read More
Software and Hardware Upgrades Can Eliminate the Problems
Wind turbines can reach hundreds of feet into the air, but the effects of their spinning blades...
Apr 19, 2010 | Read More