Yesterday, at the White House, President Obama announced the award of $2.3 billion in Recovery Act Advanced Energy Manufacturing Tax Credits for clean energy manufacturing projects across the United States. The 183 projects in 43 states will generate more than 17,000 high quality clean energy jobs and the domestic manufacturingof advanced clean energy technologies including solar, wind, and efficiency and energy management technologies. This investment will be matched by as much as $5.4 billion in private sector funding likely supporting up to 41,000 additional jobs.
The first wave of green IT solutions failed to make sustainability benefits tangible according to a new study conducted on the sector by the independent research firm Verdantix. However, innovative IT sustainability solutions just released into the market or on the horizon for 2010 – will quickly demonstrate the tech sector’s role in supporting corporate sustainability strategies.
The Report can be purchased as part of a subscription to Progressive Investor or separately for $89. Progressive Investor is a monthly newsletter that guides investors and analysts toward green investments. Published by SustainableBusiness.com, it covers all green business sectors, including renewable energy, green building and healthy lifestyle. You can read an excerpt of the Report on SustainableBusiness.com. It is an in-depth interview with Patrick McVeigh, president of Reynders, McVeigh Capital Management, a green/social portfolio management firm. Progressive Investor talked with him about his impression of market conditions, the impact of the stimulus plan on cleantech, and how they are managing porfolios under these circumstances. You can also read the sample article, The Green Investment Landscape.