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17:33 5th January 2010
Funding for green IT projects can only go ahead if available finance is made available upfront, it has been claimed.
Simon Mingay from IT research company Gartner said that investing in climate change tackling technologies can only take place if it is properly financed.
He argued that the IT sector will invest in such technologies when money is made available to do so.
"Any investment in the industry ahead of projects being put on the table is very, very limited," said Mr Mingay.
Therefore, progress in this area is likely to be slow until projects are created.
His comments follow findings from Greentech Media which showed that venture capital expenditure in green technology rose in 2009 compared to 2008.
The study found that venture firms have returned to investing in green technologies such as solar power. Investment in this technology has topped spending for the past four years, the study has indicated.
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