1. 'Salvation and profit': deconstructing the clean-tech bubble.
- Author
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Giorgis, Vincent, Huber, Tobias A., and Sornette, Didier
- Subjects
- *
TECHNOLOGICAL innovations , *RENEWABLE energy sources , *SOLAR technology , *VENTURE capital , *SALVATION , *BIOMASS energy - Abstract
From 2004 to 2008, a bubble formed in clean technologies, such as solar, biofuels, batteries and other renewable energy sources. In this paper, we analyse this clean-tech bubble through the lens of the Social Bubble Hypothesis, which holds that bubbles can accelerate technological innovation. We synthesise the development of the clean-tech bubble, its history, and the role of venture capital and government funding in catalysing it, and present evidence that the clean-tech bubble constituted an example of an innovation-accelerating process. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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