Clean PR’s Week in Review: Jan. 18
Following a week of candidates campaigning in Michigan about challenges facing the U.S. economy and heightened discussion around the possibility of recession as many companies dropped their expected earnings for upcoming quarters, it was refreshing to read that the clean tech industry is continuing to prosper.
The Cleantech Group released numbers this week indicating venture investment in clean tech across North America and Europe increased 40% in 2007 – reaching $5.18 billion in 2007. Red Herring reports the high numbers are attributed to “an unexpectedly strong fourth quarter despite growing uncertainty in the global economy.”
The number of venture funding announcements in the first few weeks of 2008 suggests growth in clean tech will continue in 2008. TheDailyGreen writes the continuing rise of clean tech companies will be instrumental in battling increasing unemployment, wages dropping and housing troubles. Something especially relevant in clean tech cities like San Francisco and Austin, where we’re already seeing job creation and new opportunities.
Outside of investment news, industry leaders – Google, Dell, HP, IBM, Sony, Nokia and Ptiney Bowes – made green headlines this week. Interestingly, six out the seven mentioned above made announcements that involve developing industry standards.
The Carbon Disclosure Project (CDP), which involves 11 corporations including HP and Dell and hundreds of investors, is developing a standard method to gather carbon-emissions information from suppliers. The hope is that suppliers can more easily provide carbon emissions details to customers by following one standard rather than juggling requests in various forms.
Additionally, IBM, Sony, Nokia and Pitney Bowes announced an effort called Eco-Patent Commons, which will make available rights to environmentally friendly technologies. Twenty-seven of the first 31 patents are being contributed by IBM. It’s off to a good start – we’ll watch to see how this programs grows in the coming year and if more companies join on to support the cause.
– Barbara DeConto, Text 100 Clean Tech Practice