(1888PressRelease)
October 26, 2007 - Funding constraints are limiting development in Australia's clean energy and environmental industries, according to a recent venture capital report.
Melbourne-based Cleantech Ventures found that venture capital investment in these sectors is low compared to Europe and the United States.
"The research findings contained in the report indicate that Australia is at the same stage North America was some three years ago, that is, poised for rapid growth in clean-tech investments," said Jan Dekker, an investment principal with Cleantech.
The report showed that in the 2006 financial year, investment in non-polluting technology was 13.5 per cent of total investment in Europe and ten per cent in the US but only two per cent in Australia.
Recent developments in the Australian sector include the start-up of a clean technology investment market last month by exchange operator Financial & Energy Exchange.
It is hoped this will provide a cheaper method of raising capital to invest in this industry.
Only $360 million has been invested in clean technology companies in Australia in the past eight years.
Further analysis of the clean energy and environmental technology markets could be supplied by Aranca, an end-to-end provider of on-demand, custom investment, business and economic research.
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