Europe encouraging clean energy industries - by James Kanter
More than half of the world's 22 most valuable publicly traded wind and solar companies are based in Europe, with ready access to green-minded consumers and long-term government support being the incentives
Europe is experiencing a new wave of interest in ventures that develop energy from less polluting or renewable sources, like sun and wind, as well as from tides, agriculture and geothermal heat. It is not clear, though, if the interest will turn into a passing fad or a bubble, like the rush into Internet stocks during the late 1990s. The US has not signed the Kyoto Protocol, an international accord aimed at stabilizing emissions of greenhouse gases in the atmosphere. Even so, US industry has set the investment pace, pouring US$3.5 billion of private equity and venture capital money into start-up clean-energy developers last year, according to New Energy Finance, a research firm based in London.
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