Valuations look good in cleantech

ON SPECIALIST MARKETS

Hazel's Bozkurt Aydinoglu says compared to speculative sectors like biotech and mining, cleantech valuations leading into 2011 are attractive.

There is a common misconception cleantech is about climate change – it is not. It is about meeting present and future energy demands, which are increasing globally. China, still outside of the Kyoto agreement, is the world’s largest installer of wind turbines and the largest manufacturer of solar panels – this is driven by commercial sense, not concern for climate change, as the cost of fossil fuels continue to rise. If you look at the spend on worldwide clean energy investment, 2010 was a record year. According to Bloomberg New Energy Finance, new investment reached $243bn, a record and...