Sunday, January 22, 2012

After helping fuel the ridiculous "clean" energy boom, warmist Juliet Eilperin now reports on the inevitable bust

Why the Clean Tech Boom Went Bust | Wired Magazine - Juliet Eilperin

In 2005, VC investment in clean tech measured in the hundreds of millions of dollars. The following year, it ballooned to $1.75 billion, according to the National Venture Capital Association. By 2008, the year after Doerr’s speech, it had leaped to $4.1 billion. And the federal government followed. Through a mix of loans, subsidies, and tax breaks, it directed roughly $44.5 billion into the sector between late 2009 and late 2011. Avarice, altruism, and policy had aligned to fuel a spectacular boom.

Anyone who has heard the name Solyndra knows how this all panned out.

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