By Dennis Meyers
It has been an article of faith among many environmentalists and some notable political leaders that stringent energy efficiency and environmental protection requirements will spur investment and growth in green technology industries.
The Los Angeles Times article California leads nation in green-tech venture capital funding ( Feb. 21, by Ronald D. White) supports this proposition with information from a recent analysis from Ernst & Young.
- California companies received $2.8 billion, or 57%, of the $4.9 billion in clean-tech venture capital investments in 2011. In the fourth quarter of 2011 alone, California accounted for 67% of all clean-tech venture capital investments.
- Massachusetts received the second most, followed by Colorado.
- Investments in energy and electricity generation attracted the largest share.
- Northern California firms received three times the funding of Southern California companies.
(Read the Ernst & Young News Release)