Global cleantech spending set for 14 percent growth this year, says Lux Research

May 31 - Lux Research - Spending on the development of new energy and environmental technologies -- aka cleantech -- is projected to grow by 14 percent in 2007 to exceed $55 billion worldwide, according to Lux Research. The analysts forecast corporate and government spending up by 10 percent and venture capital on track to double. The study finds leadership in these technologies increasingly lies in Asian countries like Japan, China, and South Korea -- not in the U.S. Read More.