While the collapse of climate legislation in Congress was a setback for some green businesses, many others are moving ahead with projects to develop renewable energy. One major reason: The clean-tech sector is rapidly growing worldwide, and U.S. companies don’t want to be left behind.
The clean tech sector has become one of the most exciting areas of opportunities for job seekers. While venture capital investment was down in clean tech during the first half of 09, over the past couple of months that trend has reversed, and this year’s stimulus plan is designed to make up for it. To jump start your career, get clear on your focus, learn about the industry, concentrate your networking efforts and get involved.
The Pew Charitable Trusts has conducted the first-ever hard count across all 50 states of the actual jobs, companies and venture capital investments that supply the growing market demand for environmentally friendly products and services. The study, entitled The CleanEconomy: Repowering Jobs, Businesses and Investments Across America, revealed that the number of jobs in America’s emerging clean energy economy grew nearly two and a half times faster than overall jobs between 1998 and 2007.
The report, entitled “Cleantech Comes of Age,” discusses the trends in clean technology from the impact of oil prices to the M&A market and includes data from the MoneyTree Report, a quarterly survey that tracks cash-for-equity investments by the professional venture capital community in private emerging companies in the United States.The increased venture capital investment into the Cleantech sector can be directly associated with the growing concerns about the environment, energy costs and security. Despite signs of a weakening economy, the high investment level and intensified adoption rate of technologies in this sector validates the expected growth predicted by industry experts.
