There is a growing sense of panic among global political and business leaders, especially in countries such as Singapore that have large coastal regions threatened by rising sea levels.
Therein lies the profit opportunity for Silicon Valley technologists, who are quickly shifting more attention to clean-tech. Clean-tech ventures are now receiving ten percent of venture flows, up from just one percent a few years ago.
“We think clean-tech is the biggest economic opportunity of the 21st century.” As if Silicon Valley clean tech entrepreneurs and investors didn’t already have enough reasons to feel bullish about the fast growing clean tech industry, a disturbing new scientific
study published May 21 in the Proceedings of the National Academy of Sciences reported that the annual growth rate of global C02 emissions measured in 2004 is nearly triple the rates previously measured between 1990 and 1999. 73 percent of global carbon emissions
growth is coming from developing countries like China and India.
- Nicholas Parker, co-founder and chairman of The Cleantech Group, an international network of clean tech business leaders and investors