Green, the new boom
The excitement among green technology investors continues in the wake of the Supreme Court ruling earlier this month on climate change, and Rob Day has a good summary of the latest chatter.
“People are comparing it to the Internet boom of 1999,” said one green entrepreneur to the Washington Post, about the ruling, which gives finally gives Congress the right to regulate climate change.
In the majority opinion written by Justice John Paul Stevens, the court said that the EPA’s steadfast refusal to regulate greenhouse gas emissions presents a risk of harm to Massachusetts that is both “actual” and “imminent,” and that “The harms associated with climate change are serious and well recognized.”
Rob points to recent conversations, including comments by venture capitalist Randy Komisar (of big-name Silicon Valley venture firm Kleiner Perkins) that billion dollar IPOs are coming quickly. Indeed some are already filing for such IPOs, including former venture capitalist Martin Tobias’ Imperial Renewables. The Seattle biodiesel company plans an IPO that will value it at more than $1 billion.
Micah Charyn, of the Keiretsu Forum, also tells us about his group’s Angel Capital Expo on Wednesday at the Mission Bay Conference Center in SF, featuring green technology companies.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
