wave.bmpInvestments in green technologies keep growing.

Venture capitalists invested a record $2.9 billion into North American companies active in clean technologies in 2006, a 78 percent increase over 2005’s $1.6 billion, according to the Cleantech Venture Network.

They invested $613 million in the fourth quarter, 22 percent more than the amount invested during the same quarter last year, or $502 million.

Notably, investments in 2006 doubled or more in the sub-categories of energy storage, recycling and transportation, when compared to 2005.

Wonder if this will help offset the effect caused by the number of new Chinese car buyers, which jumped 37 percent last year? Evidence suggests global warming may be accelerating.