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While politicians and oil execs perpetuate reckless endeavors to exploit the world’s scant and hard-to-access oil reserves, another powerful industry group is building the tools to end this addiction once and for all. Information Technology solutions can make the U.S. and the world more efficient, less carbon intensive, and less reliant on fossil fuels. With bigger investments, strong political advocacy, and a serious jumpstart to the development of technological solutions, IT companies can help us end our oil addiction.

green tech information technology carbon greenpeace

Drive around the San Francisco Bay Area and you can see the emerging corporate infrastructure of the new green economy.

In a downtown Oakland office tower, you’ll find the headquarters of BrightSource Energy, a solar thermal power-plant developer that has scored contacts to build more than 2,600 megawatts’ worth of solar farms. Off Highway 101 in the Silicon Valley suburb of San Carlos, Tesla Motors is developing its next electric car. Down the road in Palo Alto, Shai Agassi‘s Better Place is designing regional electric-car charging networks and battery-swapping stations for Australia, Canada, Denmark, Israel, and the United States.

Backing those companies is VantagePoint Venture Partners. The venture capital firm is making big bets on green tech by funding nearly two dozen startups involved in everything from LED lighting to algae biofuels to water to the smart grid.

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