Jun. 30 – The first China Cleantech Business Forum will be held on July 8 and aims to bring together investors, venture capitalists, corporate executives, and researchers to work together on cleantech industry projects.
The term cleantech refers to products or services that improve operational performance, productivity or efficiency, while reducing energy consumption, waste and pollution. Despite the current credit crisis, overall fundraising for cleantech has remained steady in 2008, with 29 funds raising a total of US$6 billion worldwide.
The majority of these cleantech projects have gone to venture capitalists funds with infrastructure funds also playing a big role. China has increased its investments on cleantech by three-fold to RMB1.35 trillion in the past decade.
China’s cleantech spending from the gross domestic product rose from 1.3 percent to 1.5 percent. The potential of the Chinese cleantech market is one of the most interesting and the one that shows the most potential; buoyed by Beijing’s policy incentives, such as the environment tax, to attract more investment.
The business forum is organized by the China Entrepreneurs and will be held at the Shangri-La Kerry Center Hotel in Beijing, China.
