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News >> Technology >>
Cleantech investment to rise 35 percent in 2010
By siliconindia
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Tuesday, 06 April 2010, 17:51 IST
Bangalore: Global investment in clean technology will rise 35 percent this year, despite ongoing uncertainty over climate change policy in the U.S. and EU. According to a report by research firm Datamonitor, uptake of clean energy in the post-Copenhagen world will be driven by national and sub-national policies and the private investment community rather than federal or international policy frameworks.
Alternatives to emissions cap-and-trade frameworks have emerged in the form of sub-national mandates and incentives for clean energy. Datamonitor expects progress on new global and U.S. climate regimes will be slow and unconvincing this year, but that the race to dominate the emerging clean economy will accelerate regardless, fuelled by unprecedented quantities of green and clean stimulus funding.
Utilities will continue to combine strong balance sheets, technical knowhow and access to credit to leverage the current strong regulatory landscape. Non-utilities will see cleantech projects as an attractive investment from both a commercial and environmental credibility perspective. Alex Desbarres, Senior Renewables Analyst at Datamonitor, said, "Copenhagen did not deliver the low-carbon vision, clear policy landscape and regulatory frameworks that the energy cleantech investment community had hoped for."