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.
written by Solargroupies, October 13, 2009
written by Envirofemme, October 15, 2009
written by mark spencer, October 25, 2009
written by relly, August 17, 2010
written by rill, October 06, 2010
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