Heuvel, Matthias van den; Popp, David - National Bureau of Economic Research - 2022
VC initially did not prove successful in funding new clean energy technologies. Both lackluster demand and a lower … potential for outsized returns make clean energy firms less attractive to VC than startups in ICT or biotech. However, we find … of success of VC in clean energy. In addition, our results show that while public sector investments can help attract VC …