They write:
Oil prices are reaching record levels, evidence is mounting on the
degradation caused by carbon-based fuels, fossil fuel reserves are declining,
green tax breaks are becoming more popular, and the U.S. Senate is working on
legislation aimed at cutting U.S. emissions by 70% before 2050.
This, combined with an increased demand for energy, is fueling interest in
alternative energy sources at the government and private-sector level.
In 2008 the reallocation of venture capital and private placements from coal
and biofuel producers (including corn ethanol) to cane ethanol, wind and
solar-energy-producing companies will continue to increase in order to meet
increased demand.
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