Green Business Goes Global

Foreign countries and local industry alike are increasingly courting investors interested in that other green

Abu Dhabi

Abu Dhabi committed $250 million to a green-focused venture capital fund--one of the goals is to plan a city that derives all of its electricity from solar power.NASA

The Cleantech Forum, an annual conference bringing together green-focused companies and investors, has acquired a distinctly global appearance this year. Business leaders launched a new organization designed to boost green startups in India; and Singapore and Abu Dhabi courted investors, suggesting they'd be ideal locations for this "industry of the future" to grow.

According to the San Francisco Chronicle, it's a seriously hot business--green companies won nearly 50 percent of a total of $3.95 billion venture capital funding last year.

This trend is just as evident outside the States. The government of Abu Dhabi has committed $250 million to a green-focused venture capital fund--one of the goals is to plan a city that derives all of its electricity from solar power.

Even retail giant Wal-Mart is trying to clean up its environmental impact. The company is on the lookout for better batteries for its forklifts and new ways of managing its solid waste.