Investments in Green Tech Exceed $5 Billion for 2007

The business world took “being green” seriously during 2007, not only by espousing environmentally friendly practices, but also by putting their money where there mouths are. Reuters reported that investments in green technology by businesses increased 44 percent (the same percentage increase as in 2006), to more than $5 billion, last year.

 

That number comes from Cleantech Group LLC, an organization whose members include venture capital firms, investment banks and other investors, Reuters said. The group also noted that venture investments in alternative energy during 2007 (for both North America and Europe) was $5.18 billion, up from $3.6 billion the year before.

 

Reuters listed – green market segments in order according to how much investment each received: energy generation, energy storage, energy efficiency, recycling & waste. Water companies and “green” building firms also were recipients of investments during 2007.

 

Reuters predicted that investment in the green industry will continue to grow by 20-30 percent annually, with an increasing amount of money going to companies in China and India.