Will the credit crunch cripples green funding?

Most investors don’t think so, according to this article from BusinessGreen.com. Leading green investors are looking at renewable and clean technology funding as a long term investment and according to them, there are still a lot of money out there especially from venture capital.

At last week’s industrial biotechnology conference in Chicago, Bill Ceasar of consulting firm McKinsey & Company confirmed in his presentation that there are plenty of money out there especially for second generation green fuel investments. Investors just need to make sure that they can get their money’s worth before plunging into the uncertain world of biorefineries.Another news that came out last week is a new green growth fund launched by the venture capital firm Kleiner Perkins Caufield & Byers (KPCB). This proves that green technology is still getting the green that they need despite the current economic climate.

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