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March 21, 2005
Charging Up California's Clean Energy Sector
I was excited to learn about another market-based solution for encouraging sustainable industries (thanks Mikey):
The California Clean Energy Fund was established as part of PG&E's bankruptcy settlement. Nth Power, one of three venture capital firms chosen to divvy up the $30 million amongst companies in the clean energy sector, estimates that $500 million (more than 2% of total VC funding) was invested in domestic clean energy projects in 2004.
Posted by Elizabeth at March 21, 2005 08:31 AM