Pension Funds Backing Cleantech

cleantech.jpgEveryone knows that “cleantech” is going to be a big market, but this press release I got the other day really hits home. The Cleantech Venture Network says that by 2009 there will be $17 Billion in vc opportunities with $10 Billion in North America alone. To top it off, the states of New York, Oregon, Pennsylvania & California will together throw over a billion dollars into the hat on behalf of their various pension boards and other funds.
That’s exactly what I’ve always hoped would start happening with pension funds. They control a huge portion of the market (someone told me 40%, but that’s not verified). As a result they hold huge power as shareholders in existing companies as well as investors in new ones. The best part is that since pension funds are inherantly long-term investors, they have the patience to wait out the up front costs of going green, wheras other investors get skittsh at the first sign of a bad quarter – discouraging both innovation and long term thinking.
(thx chuck)

Nick Aster is a new media architect and the founder of TriplePundit.com

TriplePundit.com has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for TreeHugger.com, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.