Posts Tagged ‘credit crunch’

Wall Street, you ain’t seen nothing yet: the real credit crunch

Wednesday, October 29, 2008

The financial credit crunch amounts to peanuts when compared with the situation on the ground

the reckless consumption of “natural capital” is endangering the world’s future prosperity, with clear economic impacts including high costs for food, water and energy.

Some environmental economists have being doing some calculations

the cost of natural decline dwarfs losses on the financial markets. […] “So whereas Wall Street by various calculations has to date lost, within the financial sector, $1-$1.5 trillion, the reality is that at today’s rate we are losing natural capital at least between $2-$5 trillion every year.”

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A brighter future for the markets

Thursday, October 2, 2008

From Treehugger

Cleantech Group reports that venture firms poured a full $2.6 billion into 158 clean tech companies globally during the third quarter of 2008. That’s a 37% increase from last year, and 17% increase over last quarter.

When the financial market seems to be crumbling around us, that shows some serious confidence in the future of clean tech.

So who is doing the investing and what areas of clean tech made out with the booty?

The primary contributers were Rockport Capital and Google, followed up by Advanced Technology, Kleiner Perkins Caulfield & Buyers, and Khosla Ventures.

Algae companies
, smart grid start-ups, and thin film firms were the big players. Not surprising considering they represent three key areas of new energy – getting off gas, monitoring and conserving energy, and cheaper solar power.

Cleantech Group says this will slow a bit in the coming quarter, though we’ve also heard form industry leaders that there is not a bubble about to burst. Just a possible slow down.