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Soros aims to invest $1 bln in green tech| U.S.| Reuters

by on October 12, 2009

Soros sets some pace

COPENHAGEN Reuters – Billionaire George Soros said on Saturday that he would invest $1 billion in clean energy technology as part of an effort to combat climate change.The Hungarian-born U.S. investor also announced he would form and fund a new climate policy initiative with $10 million a year for 10 years."Global warming is a political problem," Soros told a meeting of editors in the Danish capital where governments are scheduled to meet in December to try to hammer out a new global climate agreement to replace the 1997 Kyoto Protocol.

"The science is clear, what is less clear is whether world leaders will demonstrate the political will necessary to solve the problem," he said, according to a brief email statement.

but, defining it as a apolitical problem implies that politics – or green energy – can solve the problem. Way too narro for he current understanding.

via Soros aims to invest $1 bln in green tech| U.S.| Reuters.

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