Global S&T Development Trend Analysis Platform of Resources and Environment
DOI | 10.1016/j.enpol.2016.12.035 |
Venture Capital and Cleantech: The wrong model for energy innovation | |
Gaddy, Benjamin E.1; Sivaram, Varun2; Jones, Timothy B.3; Wayman, Libby4 | |
2017-03-01 | |
发表期刊 | ENERGY POLICY |
ISSN | 0301-4215 |
EISSN | 1873-6777 |
出版年 | 2017 |
卷号 | 102 |
文章类型 | Article |
语种 | 英语 |
国家 | USA |
英文摘要 | Venture capital (VC) firms spent over $25 billion funding clean energy technology (cleantech) start-ups from 2006 to 2011. Less than half of that capital was returned; as a result, funding has dried up in the cleantech sector. But as the International Energy Agency warns, without new energy technologies, the world cannot cost-effectively confront climate change. In this article, we present the most comprehensive account to date of the cleantech VC boom and bust. Our results aggregate hundreds of investments to calculate the risk and return profile of cleantech, and we compare the outcomes with those of medical and software technology investments. Cleantech posed high risks and yielded low returns to VCs. We conclude that among cleantech investments, "deep technology" investments in companies developing new hardware, materials, chemistries, or manufacturing processes consumed the most capital and yielded the lowest returns. We propose that broader support from policymakers, corporations, and investors is needed to underpin new innovation pathways for cleantech. |
英文关键词 | Venture Capital Energy Cleantech |
领域 | 气候变化 |
收录类别 | SCI-E ; SSCI |
WOS记录号 | WOS:000397357200036 |
WOS关键词 | PRIVATE EQUITY ; POLICY ; RISK |
WOS类目 | Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies |
WOS研究方向 | Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology |
引用统计 | |
文献类型 | 期刊论文 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/19057 |
专题 | 气候变化 |
作者单位 | 1.Clean Energy Trust, Chicago, IL 60606 USA; 2.Council Foreign Relat, Washington, DC 20006 USA; 3.TBJ Investments LLC, Washington, DC 20003 USA; 4.Gen Elect, Boston, MA 02111 USA |
推荐引用方式 GB/T 7714 | Gaddy, Benjamin E.,Sivaram, Varun,Jones, Timothy B.,et al. Venture Capital and Cleantech: The wrong model for energy innovation[J]. ENERGY POLICY,2017,102. |
APA | Gaddy, Benjamin E.,Sivaram, Varun,Jones, Timothy B.,&Wayman, Libby.(2017).Venture Capital and Cleantech: The wrong model for energy innovation.ENERGY POLICY,102. |
MLA | Gaddy, Benjamin E.,et al."Venture Capital and Cleantech: The wrong model for energy innovation".ENERGY POLICY 102(2017). |
条目包含的文件 | 条目无相关文件。 |
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