Policy promoting green technology may be on the rise, but does that translate into well-developed technology--and, most importantly, more capital--for the states promoting it?
The results of an extensive study released Wednesday by consulting firm Clean Edge offers some answers.
The survey used more than 3,500 data points and 70 major indicators drawing from both municipal and private data sources to evaluate all 50 states in the U.S. for how well they did on policy, technology, and capital when it came to green tech.
Factors for evaluating each state included: the amount of green-tech related patent activity; the amount of green-tech venture capital being invested; the number of alternative fuel, electric, and hybrid vehicles registered in the state; and the percentage of electricity produced from clean sources.
The results are a combination of surprise and predictability with the following states being ranked in the Top 10 overall for leading in green tech:
- New York
- New Mexico
The study also found that it pays to be green.