High-net-worth individuals around the world have boosted their investments in green technologies, with a higher proportion of investments coming from the Middle East and Europe, according to a new report.
The "World Wealth Report 2008" by Merrill Lynch and Capgemini looks at the state of high-net-worth individuals (HNWIs), those with at least $1 million in financial assets, and what is driving wealth generation.
Total investments in clean technology in 2007 added up to $117 billion, up 41 percent from investments in 2005, a "robust" increase, according to the report. Venture capital investments went from $3.6 billion in 2006 to $5.2 billion in 2007. Most of the investments, according to the report, are from wealthy private clients.
Globally, 12 percent of HNWIs include green technology and alternative energy investments in their portfolio, and 14 percent of ultra-high-net-worth individuals (Ultra-HNWIs, those with at least $30 million in financial assets) have invested in green technologies.
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