The New York Times reports that "if the United States is going to achieve President Obama’s new climate change goals, an X factor is how Silicon Valley will respond. Success will depend, many analysts think, on whether the policy will spur entrepreneurs to come up with new technologies and create a clean energy economy."
"Once upon a time, clean tech was the buzzword in tech. People like John Doerr and Vinod Khosla, big-name venture capitalists who made billions in computers and the web, said it was the next big thing. But instead, the big moneymakers were things like photo-sharing apps — not big, expensive factories making renewable energy and related tools. Investors said there were too many unanswered questions about national policy to double down on clean energy."
"Experts say the hope is that Obama’s proposal will inspire entrepreneurs and 'send a signal to private capital that now is the time to get involved in trying to solve the energy challenge,' Justin Gillis and Henry Fountain wrote in a New York Times news analysis. But in Silicon Valley, some people wonder whether the time has already come and gone."