Billionaire George Soros said it would invest 1 billion U.S. dollars in renewable energy technologies and create an organization that would advise the authorities on environmental issues, reports Bloomberg.
Soros, founder of Soros Fund Management LLC Fund, was announced Saturday in Copenhagen, during a seminar on climate change.
"I want to apply clear criteria such investments will be profitable, but to and contribute to solving problems (climate change)," Soros said in an e-mail quoted by Bloomberg News Sunday.
Soros, aged 79 years, not given, but details about the type or purpose investments that could be done, but said that the organization will establish Climate Policy Initiative, which will donate 10 million U.S. dollars each year in next ten years.
The organization will provide "Partial advisory services, partly to develop environmental policies and partly to carry out surveillance", he said the initiative, Thomas Heller, who is a professor at Stanford University Law School and an expert in energy and environmental legislation applicable.
The organization will develop programs on climate change and will operate in the U.S., Europe, China, India and Brazil.
"Matter with global warming is primarily a political today," Soros said, adding that the organization will deal with issues such as trade and the carbon rights.
Soros said he prefers the taxes applied to emissions of greenhouse gas trading system for carbon emissions, which is practiced in Europe, because it can be manipulated by investors.
Will the world become better, in the sense that we looked to what surrounds us .... to nature???
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