What’s got the internet talking today? Green is the next bubble to burst.

October 8, 2009 – 2:15 pm – No Comment

green bulb

Today when I wrote this, the article Five Signs that Green is the Next Bubble to Burst had been Dugg about 150 times. It is the top business story right now.

So what are the signs that Green is the next Bubble to Burst? Here are the reasons as written by Tom Johansmeyer for BloggingStocks.com

1. Boom born in bust
Most economic booms find their roots in recessions. Innovators and entrepreneurs take advantage of lost jobs, severance packages and lower prices to get new ventures off the ground.

2. There’s no shortage of cash
Investors sunk $1.59 billion into clean technology venture capital in the third quarter of this year, continuing what’s been a solid pace in 2009. The folks with the money see the potential, and they’re committing. Since 2006, the VC community has put $8.7 billion into clean tech companies.

3. Innovation is flowing, not slowing
Solar cells, improved batteries and appliances are in development right now, along with electric cars. Infrastructure is also seeing some movement and will provide the underlying support necessary.

4. Washington is willing
The Obama administration has said it will invest $150 billion in clean tech over the next 10 years. This is forecast to create 5 million jobs — a great start to replacing the 7.2 million that have been lost to the current recession.

5. Society is on board
A combination of momentum for the sector, evolving thinking on climate change, and memories of last year’s gas prices have made more people open to the notion of green technology. And, the fact that these companies are attracting investment and grant dollars demonstrates an upside that transcends politics or science – most people care about financial upside first.

Green could be the next bubble to burst because of all of these reasons. However, I would personally like to see the whole environmentally conscious way of life continue. Even if, in the future, money gets tight for funding and the bubble does burst, hopefully we can all live a bit cleaner. Maybe our cars won’t run on fossil fuels anymore or our electricity will come from completely renewable sources.