grist.org — The anemic economic recovery may have hit the dog days of summer with consumer spending and factory orders slowing, but the new energy economy continues to surge, according to a report released Tuesday by Ernst & Young.
Venture capital (VC) investment in renewable energy, electric cars, energy efficiency, and other green technology jumped to $1.5 billion in the United States in the second quarter of 2010, a nearly 64 percent spike over the second quarter of last year. Green tech investment now has returned to the record levels of the third quarter of 2008, before the global economic collapse shut down the VC's ATM.
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