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2009: Boom or Bust for Clean Energy?
To respond to User 224899: Solar and wind technologies have been growing in the range of 40% a year for about 5 years now. The cleantech sector as a whole is one of the top sectors for venture capital investment across the world, so clearly many people find this field ripe for investment.
When President Carter created incentives for the field, solar took off. When Reagan came into office, he immediately removed the solar panels from the White House as well as any beneficial policies for clean energy, that's why the tide turned against cleantech.
There is no going back now. The jury is out on climate change. The wind industry is mature enough to stand on its own, and prices for solar are dropping rapidly thanks to just a few years of positive support.
Feb 21, 2009. 02:10 PM
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