Cleantech is a broad term used to describe a diverse range
of products, services and processes that utilize renewable materials and energy
sources in order to dramatically reduce the use of natural resources and
minimize or eliminate harmful emissions and waste. Since coming into the
spotlight around the turn of the century, investment in this vital
technological sector has grown significantly. In 2007, the United Nations
Environment Program reported that wind, solar and biofuel companies received
roughly $148 billion in new funding as rising commodity prices and stiffening
climate change policies encouraged investment in renewable energy. In a recent
article, the Investing News Network placed a spotlight on the future of this
pivotal market, particularly as world leaders inch closer to definitive
cleantech commitments.
The 2015 United Nations Climate Change Conference, or COP21,
is currently underway. Running from November 30 to December 11, the conference
is intended to create a roadmap for the meaningful advancement of cleantech in
the next 12 months and beyond. COP21 is the culmination of a full year of talks
and negotiations between participating countries, and the early results have
been promising. Last year, developing countries raised $62 billion to address
climate change, putting them on course to reach $100 billion per year by 2020.
However, not all progress has been quite so fluid.
A major snag for the world’s largest economies has come in
the form of a legally binding accord. While some countries – including Russia
and Great Britain – are pushing hard for an accord to enforce strict carbon
emissions goals, others – including the United States – refuse to endorse such
an agreement. According to Chief U.S. negotiator Todd Stern, legally binding
targets “would have many countries unable to participate.” For this reason, it
will be imperative for cleantech investors to support national leaders by
jumping in and backing the ongoing development of the cleantech industry. The
Breakthrough Energy Coalition, led by some of the biggest names in government,
business and entrepreneurship, is doing just that.
Launching at the same time as COP21, the Breakthrough Energy
Coalition has a mission of creating reliable, affordable and carbon-neutral
energy by “developing new tools to power the world.” Led by Bill Gates, the
initiative is made up of 28 cleantech investors committed to driving noteworthy
progress in the months to come. Among the group are Jeff Bezos, founder and CEO
of Amazon (NASDAQ: AMZN); Mark Zuckerburg, founder, chairman and CEO of
Facebook (NASDAQ: FB); Marc Benioff, chairman and CEO of Salesforce.com (NYSE:
CRM); Reid Hoffman, founder of LinkedIn (NYSE: LNKD); and Jack Ma, executive
chairman of Alibaba Group (NYSE: BABA).
For cleantech investors, these two conferences could have a
major impact on the performance of the sector in 2016. As big names continue to
put their weight behind the industry, those in the space should feel confident
moving forward. DreamTeamNetwork outlined its forecast for cleantech in an
interview with the Investing News Network. While they anticipate sweeping
policy changes at the national level, DreamTeamNetwork also pointed to growing
demand for electric vehicles as an area of focus for the cleantech landscape in
2016.
“COP21 should give rise to sweeping new supranational
incentivization for further sector growth,” DreamTeamNetwork noted. “Continued
emphasis on renewables by China and India, as well as South Africa, the Middle
East and Africa, will help to drive the conversation in a new and more open
direction.”
To view the full article, visit
http://investingnews.com/daily/tech-investing/cleantech-investing/cleantech-investors-2016-outlook
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