First step for clean tech: Fix the markets

Today on the NY Times' Green Inc. blog I wrote about how clean tech investors have become more discerning in the companies they do deals with. VC is still flowing to certain select areas of the industry, such as electric vehicles and green IT. But it's important to note that commercial lending is still frozen. And as Ron Pernick of Clean Edge puts it:

"If markets are broken it doesn't even matter what your project is."

Investors are still lending because they see the long term prospects of the sector -- the world's demand for new energy sources isn't going away. But in the short term, investors are paying attention to how successful the incoming Obama administration will be in passing its proposed stimulus package.