U.S. Leads Way in "Cleantech" Investments


As climate change moves up the corporate agenda, “cleantech” investment is reaching record levels, according to Ernst & Young.

Climate change challenges are creating opportunities for next generation technologies as companies seek to respond to stakeholder expectations, current and anticipated regulation, and rising energy costs.

The study of 150 global companies found that 90% of those surveyed were undertaking climate change initiatives, with disclosed financial commitments totaling $276 billion over the next 10 years.

This accelerated corporate response to climate change is reflected in global venture capital investment trends. As a proportion of global venture capital investment, cleantech has grown rapidly—up from just 1.6% of total investment in 2003 to 11% in 2008. And in terms of value, global venture capital investment in cleantech is set to significantly exceed the record $3 billion invested last year, having already reached $2.2 billion in the first six months of 2008.

The United States led the study with 301 venture-backed cleantech companies that have received cumulative investment of $7.29 billion, weighted toward solar and biofuel companies. Similarly, Europe (203 companies), China (25) and Israel (16) are weighted toward solar manufacturing in terms of capital invested.

Source: Ernst & Young, www.ey.com.

 

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

COLUMN

Deflecting clients’ requests for defense and indemnity

Client requests for defense and indemnity by the CPA firm are on the rise. Requests for such clauses are unnecessary and unfair, and, in some cases, are unenforceable.