David Victor Quoted in Technology Review
Death Knell for Some Clean Tech Companies
08/19/2010
Kevin Bullis,
Technology Review
The U.S. Senate's failure to pass a comprehensive climate and energy bill this summer could spell doom for startups founded to help reduce carbon-dioxide emissions. Others will limp on, limited to markets much smaller than they originally expected to target.
"For companies depending on some type of CO2 subsidy, this is probably the death knell," says James Kim, a partner at Khosla Ventures who has carefully reviewed the business plans of several such companies.
Last year, Congress seemed on track to pass legislation that would make it progressively more expensive, over the next two or three decades, to emit carbon dioxide. That was good news for a stampede of companies developing technologies that would reduce carbon-dioxide emissions--technologies such as solar panels, wind turbines, and biorefineries for producing biofuels--or capture carbon dioxide from smokestacks or the atmosphere.
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David Victor is Director of the Laboratory on International Law and Regulation
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