Wednesday, May 13, 2009

U.S. Investors Finally See the Green Lights in China

This from the NYTimes today...(I found it just as I finished the post below):

"At a Sustainable Industries breakfast meeting in San Francisco last week, Anup Jacob, a founding partner of the Virgin Green Fund, a renewable energy investment fund started by Richard Brandson’s Virgin Group, noted that many renewable energy and cleantech start-ups are limping along with subsidies from the government stimulus package, which will run out in 2010.

In Mr. Jacob’s view, a sustainable business model is one that does not need to rely on government funds in the long term. “We underwrite to no government subsidies,” he said.

The outlook on green investing in China, however, looks markedly different. Environmental protection and energy savings are still fairly new ideas in emerging Asian markets, so these sectors have huge development potential. And unlike in the West, the fact that the Chinese government is supporting the growth of its green economy appears to be boosting the confidence of foreign investors.

• Read the rest of the article

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