Friday, July 29, 2011

"The Crisis in Clean Energy" - Foreign Affairs Magazine

The July/August 2011 issue of Foreign Affairs Magazine published an article on the downward cycle in the clean energy field. Inherent to the field, advancements in clean energy take time and require an investment in research. As the world economy experiences challenges and investors re-evaluate, the current  VC activity in the greentech and cleantech field is down.

Foreign Affairs Article: The Crisis in Clean Energy

In the long run, moving away from carbon-based, oil dependent energy sources is important for many reasons including national security and climate change and so the cycle is expected to make its way back up at some point.

The cleantech market is seeing some consolidation and tougher times but the motivations that drive the need for innovation in clean energy haven't disappeared and so it's a matter of when things will pick back up and not whether they will.


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