Will venture capitalists find greenbacks in green investing?

Gregory Heibel, a partner in the emerging companies group of Orrick, Herrington & Sutcliffe, explains how clean technology may be coming back in vogue in Asia.

Before the recent global economic downturn investors saw the clean technology market -- which includes renewable energy such as wind, solar and hydropower, as well as biofuels and electric motors -- as the next big thing. But when the crisis hit, alternative energy and so-called green thinking in general took a back seat to more immediate and pressing economic problems.

Of course, the need to come up with clean technology remains -- indeed, in places like Hong Kong and...

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