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Prospects for cleantech venture capital investment in China: A third wave? | IEEE Conference Publication | IEEE Xplore

Prospects for cleantech venture capital investment in China: A third wave?


Abstract:

With peoples' concerns about China's environmental problems, CleanTech-related fields are getting more attentions by the Chinese government. The author studies CleanTech ...Show More

Abstract:

With peoples' concerns about China's environmental problems, CleanTech-related fields are getting more attentions by the Chinese government. The author studies CleanTech Venture Capital (VC) in China because it may represent a third wave of VC investments. The first two waves were Information Technology and Communication. CleanTech is different from other investment categories because it is closely related to environment protection, energy efficiency, ecosystem, government policy and sustainable development of the society. Also, it drives the innovation of technology in clean energy areas. Despite the current global economic downturn, green energy still shows its huge appeal of VC. VC investors from Silicon Valley continue to have a strong interest in the cooperation of green energy projects between China and the U.S., including electric cars, solar energy, green construction and other fields. This paper focuses on studying the current China's CleanTech VC investment environment, exploring potential investment tendency, indicating several challenges facing to the investors, and seeking practical ways to attract more investments in China's CleanTech. The study suggests several key ways to gain successes in CleanTech VC investment. Whether China's CleanTech become the third wave for VC investment needs the collaborated efforts from all the interest-related parties.
Date of Conference: 02-06 August 2009
Date Added to IEEE Xplore: 25 September 2009
CD:978-1-890843-20-5

ISSN Information:

Conference Location: Portland, OR, USA
Citations are not available for this document.

I. BACKGROUND

As China enjoys its booming economy, its environmental issues are gaining more and more attention from the government. According to CleanTech Group's report, China is expected to be the largest energy consumer after 2010. As China's economy and energy consumption grow rapidly, the greenhouse gases emissions from fossil fuels are soaring simultaneously. Car sales in China, which surpassed Japan in 2007, are expected to surpass the United States by 2015. Increasing car sales will lead to fostering demand for oil and severe toll on the environment. China also faces severe water shortage and water pollution, especially in Northern China.

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References

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