NEW ENERGY, BIG MONEY

For better or worse, what's driving New Energy's growth is the market, so this forecast of a growing appetite for New Energy is indeed good news for everybody.

$220 billion expected in renewable markets
March 9, 2007 (UPI)

- A recent study released by California-based Clean Edge Inc. predicts, internationally, clean energy markets are poised to quadruple…from $55.4 billion in revenues in 2006 to more than $226.5 billion by 2016…
- "With ramped up manufacturing, increased supply of new feedstock, growing government support at the regional and federal level, increased investments and the deployment of new technologies -- we believe that prices will stabilize and then begin to decrease -- much like the high-tech sector before it," said Ron Pernick, co-founder of Clean Edge Inc, a California-based company.
- The "Clean Energy Trends 2007" report cites increased venture capital, commitment by politicians and corporate investments as the reasons for the growth…
- Other predicted trends include a carbon market, biorefineries beginning to close the loop, advanced batteries, Wal-Mart as a clean-energy market creator and more informed utilities.