Alternative energy: Will investors clean up?

EU could shut the window on the carbon market

Carbon and commodities

Banks warm to green products “People get carried away with the macro picture,” says Nick Wood, head of Man Environmental Capital Opportunities. “It’s tempting to believe that businesses can be scaled up very quickly but clean-tech companies are not dotcoms, they are dealing with physical problems. People have been working on solar power for 30 years. Many of these companies are essentially manufacturers or engineering companies with a completely different kind of financial profile.”