Qualitative Reasoning For Cleantech Boom In China Over Next 5 Years

I was reading throught the China Cleantech Venture Capital Investment Report this evening, after it was highlighted by Earth2Tech earlier.  I believe that the Earth2Tech posting didn’t quite do the market potential of cleantech in China justice.  The posting definitely pointed out the quantitative projections of growth over the next few years, especially in the energy sector (mainly solar), but failed to highlight some of the more qualitative issues that show huge potential in the cleantech market in the next five or so years.  Here are some of the qualitative reasons we should expect a cleantech boom in China within five years:

1. Effective Chinese environment policies and increased global pressures related to sustainable development in light of global warming
2. A huge amount of funding is being poored into the 2008 Beijing Summer Olympics at the moment.  Post-Olympics, look for astronomical growth in 2009-2010
3. Venture capital has only caught on in the past 3 years in China due to the slow transitioning from a centrally-planned to market economy
4. The other side of China’s booming economy=”environmental deterioration, energy scarcity and resource restrictions”
5. Climate change will equal water scarcity for parts of China.  Hence the prediction the the water & wastewater sector will be the next booming cleantech market