In search of gains in green ventures

The seriously rich are always followed. Now even the colour of their money is getting noticed as new trends emerge. High net worth individuals (HNWIs) are increasing their investment in green technologies, says the World Wealth Report 2008 brought out by wealth management company Merrill Lynch and IT and outsourcing consultancy Capgemini.

The rise of the chief sustainability officer

When Mitsubishi International Corporations president and CEO Ryoichi Ueda was asked to double as parent companys (Mitsubishi Corporation) chief sustainability officer for North America earlier this year, it brought into limelight the trend of appointing sustainability managers at senior levels. Today, more and more companies are appointing chief sustainability officers, who report directly to CEOs.

Carbon burial fuels cautious optimism

The use of coal will continue the world over because of its abundant and cheap supply, but Carbon Capture & Storage (CCS) can be a crucial technology to check its global-warming carbon dioxide emissions, says a new study by Massachusetts Institute of Technology. The CCS deployment will not only help check greenhouse gas (GHG) emissions, but also offer a commercial opportunity to businesses, adds the study