Remember the pub bores of circa 2001 who were adamant the internet was a flash in the pan? At the time, with share prices of many internet pioneers in freefall, they may have seemed right. They were not. Facebook, Amazon, LinkedIn and one or two others have done rather well in the intervening years.

The same is true of the clean technology sector today. Headline failures of so-called new-energy companies typically undermined by cheap shale gas and Chinese silicon are obscuring the view of both current and future success, particularly outside the energy sector.…

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