Energy Tech: Blue Skies Ahead

A generation later, "The Times they-are-a-Changin" — in ways neither Bob Dylan nor anyone else envisioned. The world’s economy is starved for fossil fuels but it is also receptive to clean technologies that cut the level of harmful emissions.

Fossil fuels such as oil, natural gas and coal not only have volatile prices but they are also responsible for a host of pollutants as well as carbon dioxide emissions tied to global warming. New discoveries would diversify national fuel portfolios and help sustain the environment. And, today, major companies such as General Electric are coming to the table because investments in green energy are profitable.

"With the combination of rising energy costs, overall natural resource scarcity, growing demand for environmentally superior products and greatly improved clean tech alternatives, it is possible clean tech will capture up to 10 percent of overall venture capital flows by 2009…," says Nicholas Parker, chairman of the Cleantech Venture Network in Ann Arbor, Mich. The firm just released a report that says capital dedicated to clean tech companies could reach $10 billion by 2009.

Ken Silverstein
EnergyBiz Insider
Editor-in-Chief

Full Story: http://www.energycentral.com/site/newsletters/ebi.cfm?id=55

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Many thanks to Al Jones for passing this along. Russ