Hawaii may be small in size, but its high energy costs have made the island state a desirable market for green tech. That explains why the U.S. Navy is giving a startup accelerator program there $30 million to help fund companies willing to use Hawaii to commercialize their technologies.
Corporations are aggressively moving into greentech to deploy VC-backed innovation. “Of the $2.6 billion of cleantech venture capital investment in 2012 in California, $1.45 billion included corporate investors,” according to Cleantech Investment: A Decade of California’s Evolving Portfolio, a survey of California greentech investing between 2003 and 2013 from Next 10, an independent California greentech advocate. That corporate portion was 56 percent of 2012 VC investment.
British Columbia’s pioneering carbon tax shift, passed in 2008, has been remarkably effective in reducing fuel use, with no apparent adverse impact on the province’s economy. These findings come from a new study by Sustainable Prosperity researchers to be published in the upcoming issue of Canadian Public Policy, a highly respected academic journal.