Creating a climate for change

A new INSEAD-European Business Summit report on climate change has highlighted a surge in 'green' activities by US entrepreneurs, backed by venture capital. Until 2005, the amount of VC funds invested in clean technologies such as solar and wind power had been running almost neck and neck in the US and Europe. But then there was a sudden surge of VC interest in the US in 2005, the report says, which resulted in US firms raising $4.5 billion in VC funds to invest in 'clean' technology the following year, while the EU raised $1.5 billion.

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Education

Tags:

• INSEAD
• european
• business
• summit
• greening
• economy