Назаретский Крест |
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Русский Text
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| Sunshine year for cleantech |
| 23/01/2010 |
| In the final four months of 2008, as the global economic crisis took hold, many claimed that the cleantech industry would not be harmed by the recession. The logic was that governments would be channeling resources into infrastructures such as water and renewable energy in order to kick-start economies.
The cleantech sector was indeed not hurt by the crisis, but it changed direction. If before the crisis, cleantech meant mainly venture capital investments and public offerings on the capital market, in 2009 the name of the game was large government investments in major infrastructure projects.
Nor was this trend unique to the US, where President Obama allocated $6 billion for cleantech projects. In Europe, China, Japan and Australia , governments initiated cleantech projects too. What is more, the UN Copenhagen Climate Change Conference earlier this month decided that undeveloped countries would receive generous support for projects that lower greenhouse gas emissions.
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