Why Green Energy Technologies?

What’s driving innovation in the green energy sector? Concerns about GHG emissions and global warming, to the rapid depletion of oil and other non-renewable resources, are the major factors. This sector is likely to be one of the hottest sectors of the economy in the coming decade.

Thomas Freidman, author of “Hot, Flat & Crowded” talks about the fuels from Hell: oil, natural gas, coal; and the fuels from Heaven: hydropower, wind, solar, geothermal and wave.

Jeff Rubin (former chief economist at CIBC), in his latest book, “Why Your World Is About To Get a Whole Lot Smaller” says that oil demand and not the subprime crisis, was the cause (not effect) of the last recession. By driving prices up to unaffordable levels, it stalled the economy.

In the 1980s, we saw the emergence of desktop computers and software, and their absorption into everyday life. In the 1990s, the Internet emerged as the next great leap in technological adoption. Now, in the 2000s, “green” and “clean” technologies will be the next frontier for investors and entrepreneurs.