January 08, 2009
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Environment Management Newsletter January 08, 2009 |
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| This Week´s Featured News Stories |
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Global cleantech investment tops US$4.6bn in 2008
Venture capital investment in cleantech companies reached a record US$4.6 billion in the first three quarters of 2008, according to Ernst & Young’s analysis of activity in the United States, Europe, China and Israel based on data from Dow Jones VentureSource. This is an increase of 82% compared with the same period last year and represents 13% of all venture capital investment in these geographies. `Global venture capital investment in cleantech accelerated in 2008 as a number of companies, particularly in the solar and wind market, entered the capital intensive stage of commercializing ... |
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China reins in its eco-city plans
If all had gone to plan, by now the first residents of China’s newest city would be unpacking boxes. An experiment in sustainable living, Dongtan was billed as an urban center where green technologies and smart design could slash the carbon footprint of up to a half-million people. On a recent rainy afternoon, the onsite view was less electrifying: miles of sodden farms and wetlands, and not an ecobuilding to be seen. It’s unclear if any will be built. The state-owned developer has torn up a timetable to accommodate 50,000 residents by 2010. Some permits for the project have already lapsed. In ... |
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