Generation Investment Management has closed $638Million in initial funding for its Climate Solutions Fund. The company is chaired by former vice president Al Gore and serves to be a leader in investing in sustainable enterprises with a slant toward solving various environmental problems.
According to the Financial Times:
The fund will be focused on equity investments in small companies in four sectors: renewable energy; energy efficiency technologies; energy from biofuels and biomass; and the carbon trading markets. Although a chorus of cynics can be heard claiming this is Gore's way of capitalizing on hysteria, it doesn't take a genius to figure out that investing in clean energy, efficiency, and solutions to problems is a good idea with a sizable long-term payoff. If Al Gore makes a lot of money of this type of investment, my glass is raised to him. I might even throw a few bucks in myself.
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