LOS ANGELES, Dec. 31 (Xinhua) — The year of 2008 has seen the United States taking critical steps in developing renewable energy to meet the national goal of achieving 25 percent renewable energy by 2025.
But most important of all is that the November election of Barack Obama as the next U.S. [...]
Investors, such as Bill Gates, have already turned 2008 into a record-breaking year for algae-based biofuel companies raising venture capital.
Algae-based biofuel companies have been raking in the venture capital this year, raising a record-breaking $179.5 million to date, according to numbers from the Cleantech Group.
That compares with what appears to be about $32 million raised [...]
By Fiona Harvey, Environment Correspondent
It did not take long for biofuels to turn from one of the darlings of the environmental movement to the bugbear.
As recently as 2004, green groups such as Friends of the Earth were calling for an expansion of biofuels to make road transport greener. Biofuels, derived from plants, are carbon-neutral over [...]
