2010-10-04
Green-Tech Investments Plummet. By Todd Woody, NYTimes, 10/1/10. "Has the green tech recovery stalled? Global venture capital investment in green technology companies fell 30%, to $1.53 billion, in the third quarter of 2010, according to a preliminary report issued Friday by the Cleantech Group, a San Francisco-based research and consulting firm. The amount invested in North America, Europe, China, India and Israel in the third quarter was also 11% below the year-ago quarter, when investment tanked amid the recession. The numbers are striking, given that investment in green-tech start-ups soared in the first half of this year, surpassing records set in 2008 at the height of the clean technology boom… California, an epicenter of green technology innovation, suffered a precipitous decline, with investment falling 61%."
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