It is known that a "mini green bubble" had already taken place between 20, being terminated by the recession in 2007. įrom the early 21st century, there has been a large development and investment in renewable energy industry such as hydroelectricity, wind power, solar thermal, and geothermal. Despite the fact that various green technologies have been used for centuries, the history of minor technologies is quite obscure since there are a few credible records. According to Alexis Madrigal, author of "Powering the Dream: The History and Promise of Green Technology," a large number of windmills and solar heaters already existed in the early 20th century. The history of green technology, also known as renewable energy, is not quite new. History of development in green technology In addition, a discussion on whether there is a bubble in green technology or not. The article summarizes the history of green technology and the changes in the investments in this domain. Solyndra for example), and the article written by Ted Nordhaus and Michael Shellenberger in 2009, "The Green Bubble: Why Environmentalism Keeps Imploding". The term has been mentioned by several experts and articles and among them are: The book called "The Green Bubble" written by Per Wimmer, a Danish investor, an article written in a magazine called "Wired" that stresses on what happened to the solar energy companies (i.e. As the interest rate rises many of the projects that are on the market today will go bust, which is claimed to become a big set-back for the renewable energy industry. The green bubble is a theory that the world is facing an over-investment in renewable energy and that the current levels of debts in many clean tech companies are unsustainable.
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