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George Soros Investing $1 Billion in Clean Energy

Written by Megan Treacy on 12/10/09

george-soros
Hedge-fund manager George Soros is the latest billionaire to throw his money behind clean technology.  Soros announced yesterday that he will be investing $1 billion in clean energy technology and will also be spending $100 million to create a climate policy advisory organization.

He made it clear that his investments would be based on profitability, but should also "actually make a contribution to solving the problem."  He will donate $10 million over 10 years to the Climate Policy Initiative, which will advise policy makers, but also serve as a watchdog group to protect public interest as environmental policies are developed in the U.S., China, Europe and India.

These large investments from leaders in the business world show that clean energy projects are moving away from being just a niche interest to a mainstream one.  Studies have shown the great potential of renewable energy technologies if the funding increases, so the more moguls, tycoons and leaders we can have supporting them, the better.

via Bloomberg

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written by bill, October 12, 2009
Business leaders are all doing the same thing when they make green investments (Soros, Boone, Gore): they all spend additional money in order to "advise policy makers" to insure that government subsidies are used to support their investments.
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written by MD, October 12, 2009
I challenge Soros to put his money where his mouth is...

Why not fund an eco home building group like Habitat, instead of having piss poor stick built houses being built, he could get the group to build eco/power friendly homes..

Starting with my house!

Fixing all the crap houses here in the USA will help in fixing the energy consumption problems most of us poor ass working people are facing!
Crystaline energy, Low-rated comment [Show]
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written by Solargroupies, October 13, 2009
sounds like a recipe for a green bubble!
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MoreEco
written by Envirofemme, October 15, 2009
Whilst we can be cynical about the reasons behind his investment and the impact his companies may have had in the past this money could be put to great use so it's still a great thing!
Lets hope other investors follow his lead...
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green
written by lewport, October 15, 2009
what does green mean? saving the enviroment or using it. it's blurred to me. i'm afraid it's just like it was in the past. the color of money.
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Why are advertisers here
written by Mia, October 23, 2009
Delete the stupid advertisements from these threads. Now we need to filter through spam on websites? I'm sick of opportunists. America, can we please start making stuff again instead of just figuring out ways to exploit each other? Use your brains and energy for GOOD.
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mr
written by mark spencer, October 25, 2009
Still waiting for someone to invest in CSP's - concentrated solar power,using direct solar heat to generate electricity from steam from sea-water. This is most practical in the hot desert areas of the world( at present mostly un-used and un valued land )The fresh water generated can then be used to irrigate the desert,growing valuable crops. It has been calculated that 40% of the Sahara desert alone could feed the world and supply all of it,s energy needs! The project could also be used to irrigate and afforest deserts to use as huge Carbon sinks. One of the side affects would be to make Africa a wealthy country and thus create new markets for goods. A win-win situation,once started the project would easily self fund and expand and even the materials needed can be smelted using CSP energy and thus not add to CO2 production.What are we all waiting for the solution and the technologies exist, it only needs the will.The only problems left to solve then will be waste/recycling and population control. The huge existing energy suppliers need not fear CSP's as we shall still need them for a while yet and long term for other uses ,such as plastics and lubricants etc.
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written by relly, August 17, 2010
I challenge Soros to put his money where his mouth is...

Why not fund an eco home building group like Habitat, instead of having piss poor stick built houses being built, he could get the group to build eco/power friendly homes..

Starting with my house!

Fixing all the crap houses here in the USA will help in fixing the energy consumption problems most of us poor ass working people are facing!
0
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written by rill, October 06, 2010
I challenge Soros to put his money where his mouth is...

Why not fund an eco home building group like Habitat, instead of having piss poor stick built houses being built, he could get the group to build eco/power friendly homes..

Starting with my house!

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