U.S. venture capital investment in clean-tech projects doubled in the fourth quarter, to $1.14 billion, according to the Deutsche Presse-Agentur.
Clean tech -- energy efficiency, renewable and alternative energy sources and the like -- represents a profitable way out of the climate mess: It's a way for people to invest in profitable businesses that do the right thing.
While the U.S. government investments and regulation don't match that of our European counterparts, the American can-do spirit -- not to mention its hunger for the next big thing -- is evidenced by the money spent in the private sector.
European venture capital amounted to $472 million in the quarter, though its governments also invested more.
The investment by business shows there is a clear enough signal that these technological advances will pay off. How quickly may depend on whether and how government gets in the game.
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