TerraPass has a nice synopsis, including:
The depths of the current crisis won’t be known for a while. The bailout plan needs time to work, and its success is not guaranteed. The clean energy sector will undoubtedly continue to grow no matter what happens. Just not as quickly as could otherwise be expected.
Specifically?
The Times talks to a few industry insiders, who confirm that the credit crunch is slowing down clean energy projects. Abyd Karmali, the global head of carbon emissions at Merrill Lynch, is optimistic in the long-term, but acknowledges that funding for energy development is becoming more difficult to find.Meanwhile, Earth2Tech notes that venture funding for clean tech start-ups remains strong for now, but doesn’t "expect the party to last." Of course, venture funding isn't really the best proxy for the financial sector as a whole, and Earth2Tech notes that the credit crunch is already hammering ethanol plants. Environmentalists may not shed any tears for the ethanol industry, but insofar as the plants are stand-ins for the broader clean energy sector, it does appear that tight credit and lower fossil-fuel prices are slowing deployment of renewables.
Times are a'changin', but you should still be investing in our green future!
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Tags: clean-tech, green economy, renewables
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