Word: sectoral
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...repeal of their restrictive rules. It is also time for the U.S. Congress to adopt legislation for a broadly based national carbon-trading market with a minimum of regulatory and political interference. The time for breast-beating and fantasizing is over; it is time to allow the private sector and the financial markets to get on with the job of dealing with climate change...
...feelings wherever they live, and democracy is God's gift to humanity, even though powermongers have always deprived people of democratic rights. Sustainable development that can benefit all the citizens of a nation, however, can be achieved only through concerted and collective effort by the state and the private sector under the rule of law and good governance. Economic growth and democracy should go hand in hand. Abebe Areru, ADDIS ABABA...
...happened, however, without a spark of venture capital. That came from Martin Tobias of Seattle-based firm Ignition Partners. A restless ex-Microsoft executive, Tobias thought software had maxed out, and by 2004 he was looking for the next big thing. He found it in the emerging clean-tech sector - which encompasses renewable energy, environmental efficiency and water - and discovered the struggling start-up Seattle Biodiesel, which had just been launched by a former airline pilot. Tobias injected badly needed capital, eventually buying 20% of the company and becoming CEO of the renamed Imperium Renewables. ("Less local," he explains.) More...
...prime target for the smartest - and richest - investors in the world. Green investment by American venture-capital firms reached $2.6 billion in the first three quarters of 2007, the highest level ever recorded and nearly 50% more than the total for the whole of 2006. The European clean-energy sector is already producing winning companies in countries like Germany and Spain, and in rapidly growing China nearly 20% of all venture capital was channeled into clean companies in 2006 - double the percentage in the U.S. Green start-ups searching for cash "have gone from a desert to drinking from...
...good to be true. When Tom Todaro launched Seattle-based Targeted Growth, which uses genetic engineering to greatly enhance the yields of crops, he thought the company's ability to multiply the amount of feedstock available for biodiesel or ethanol would make it a star of the emerging biofuels sector. But it was the late 1990s, when clean tech made up less than 1% of total venture-capital spending, and investors weren't interested. "I went begging to friends and families and small investment firms," Todaro recalls. "At one point we were 90 days away from having to cut back...