Wednesday, January 16, 2008

Investor sees carbon law fueling greentech boom: Kleiner Perkins

From Reuters:

U.S. legislation to control greenhouse gas emissions would make renewable energy sources competitive with conventional fuels "overnight," a top Silicon Valley venture capital firm said on Tuesday.

Policies to control emissions of carbon dioxide, a gas associated with global warming, would "instantly make any green tech solution more cost-competitive with fossil-based competitors," said Kleiner Perkins Caufield & Byers Partner John Denniston. "Overnight that will happen."

"If we legislatively put a price on carbon... that would be a watershed event in the energy world," Denniston told the Reuters Global Agriculture and Biofuels Summit at his firm's headquarters in Menlo Park....MORE