Anyone who follows the clean energy industry knows it isn’t a fad. The macro environmental and economic drivers like climate change, limited fossil energies, and the growing global demand for reliable, clean energy sources are simply too strong.
No one should pretend the transition is easy. But it’s inevitable.
That’s why it makes me shudder when I read words like “green energy isn’t going to be the solution” from Congressional political leaders like Cliff Stearns, who recently criticized the industry as “not viable.”
Well, guess what Mr. Stearns? The private-sector executives who actually know something about this industry don’t agree with you. A new survey of 128 cleantech executives released yesterday by the law firm Cooley LLP finds that 74% see strong growth in this industry over the next five years — even with federal heel-dragging under a business as usual scenario.
“Our survey confirms there is an overwhelming belief by clean tech investors and entrepreneurs that private sector investment in clean tech will continue to rise. I believe that this studied enthusiasm is based on the fact that we are still just at the beginning of a multi-decade energy transformation,” said Tom Amis, co-chair of Cooley’s Clean Energy & Technologies practice and based in the firm’s Washington, D.C. office. “Yet, the near term certainly presents some challenges for both investors and entrepreneurs.”






