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Thomson / Gale

Investment in clean energy grows in 2006

Renewable Energy Today,  Feb 27, 2007  

Venture capital funding for environmental technologies nearly doubled to $1.28 billion in 2006, due to growing interest in battling climate change, according to a report issued Tuesday.

The survey by market researcher Dow Jones VentureOne and consulting firm Ernst & Young found that venture capitalists in the United States, China, Europe and Israel boosted investments by 93.5% over the $664.1 million spent in 2005.

More than two-thirds, or $883.6 million, of all clean technology investments in 2006 were made by US investors, the report said.

Contact: http://today.reuters.com/news/ articleinvesting.aspx?view=CN &storyID=2007-02-27T050029Z _01_N26333438_RTRIDST_0_ENVIRONMENT-VENTURECAPITAL.XML&rpc=66&type=qcna

(EIN STAFF: 2/27)

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