It’s difficult to build high-growth clean tech companies using venture capital: Despoiling the planet has a much higher return on investment than saving it.
Twenty years ago, there were high hopes for companies aiming to mitigate environmental impacts, but an extended recession, China’s dominance over solar power manufacturing and low natural gas prices were just a few factors factors that undercut investor expectations and left the industry hobbled for years. Many vaunted products and technology never made it to market.
A 2016 MIT Energy Initiative working paper found that VC is &
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