CIG has learned of a recent report published by research firm Datamonitor which indicates that despite ongoing uncertainty over climate change policy both in the U.S. and the European Union as a result of last year’s Copenhagen climate summit’s failure to deliver a binding international pact, global investment into clean technology is set to increase by 35% in 2010.
The report forecasts that clean tech investment will undergo a strong recovery this year, led by the wind sector which has received a major boost from government-backed economic stimulus packages.
"Copenhagen did not deliver the low-carbon vision, clear policy landscape and regulatory frameworks that the energy clean tech investment community had hoped for," CIG believes the senior renewable analyst at the research firm was recently quoted as saying."For all its flaws, however, the Copenhagen Accord gave the clean tech community the sense that private investors will drive the transition to a low-carbon economy."
The report titled “Challenges and opportunities for energy utility companies post-Copenhagen”
This new report is the latest in a long line of studies that suggest that the clean tech sector is well on the way to healthy recovery after venture capital investment levels dropped dramatically as a result of the onset of the global economic crisis in 2008, CIG has learned.
