Spending on the development of new energy and environmental technologies is projected to grow by 14% in 2007 to exceed $55 billion worldwide, with corporate and government spending up 10% and venture capital on track to double.
Leadership in these technologies increasingly lies not in the U.S., but in Asian countries like Japan, China, and South Korea, according to findings from The Cleantech Report by Lux Research.
“Government funding for clean technologies has barely grown faster than inflation for the past two years, but initiatives announced in 2006 indicate a 10% increase for 2007. And corporations like General Electric, BASF, and Toshiba are making R&D investments to maintain rapid revenue growth in sustainable products and services,” said Lux Research President Matthew Nordan.
“Unlike previous technology waves in information technology and biotech, however, the U.S. is not leading the world. The Asia/Pacific region takes first place in government funding, corporate R&D spending, and scientific publications while the U.S. only leads in deployment of venture capital and in patents issued.”
On June 15th, Lux Research will host an interactive conference call with a panel of cleantech leaders from government, finance, and industry to discuss the report’s findings and other pressing energy and environmental issues. The teleconference will take place from 1:00pm to 2:30pm EDT and will include live Q&A from attendees. To participate in the teleconference or to access The Cleantech Report, contact Stephen McDermott at (646) 723-0158 or email:
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