A Clean Energy Fund
Media reports on Politifact surfaced recently that billionaire investor George Soros, recently ranked as the 23rd wealthiest person in the world by Forbes Magazine, has joined Mark Zuckerberg, the CEO of Facebook and Bill Gates, the co-founder of Microsoft, in contributing to the establishment of a Clean Energy Fund. The new fund seeks to assist governments in developed parts of the world in donating some $20 billion over the next few years to poorer nations to assist them in making significant investments in developing a “clean” renewable energy infrastructure.
The investment in energy systems on forbes.com in poorer nations seeks to slow factors contributing to the problems of global warming and environmental degradation. Early in April, the United States Environmental Protection Agency released a massive 332-page study outlining health-related concerns implicated in the global warming process. The federal agency foresees widespread health threats to the public as a result of imminent changes in the Earth’s climate caused by global warming. Problems range from heat waves causing loss of life, to an increase in diseases spread by parasites that thrive in warmer climates.
George Soros’ Background
George Soros on marketwatch contribution to the Clean Energy Fund will infuse seed capital into an effort to take concrete steps to respond to the global warming threat. In recent years, the retired financier has made extensive donations of time and money supporting charitable and philanthropic causes. His contributions relate to issues that he hopes will produce significant societal changes in future years. In 1979, George Soros helped establish the influential Open Societies Foundations, a group of funds dedicated to increasing the transparency of government.
George Soros on latino.foxnewws traces the roots of his political activism on behalf of many causes to his youth. Born in Budapest, Hungary in 1930, he spent the summer of 1944 with his family hiding in order to avoid apprehension by the Nazi regime of Adolf Hitler. George witnessed the hardships that dictators can impose on civilian populations first hand, and later in life sought to encourage democratic government.
Benefits of Slowing Global Warming
Slowing the speed of global warming by encouraging the use of clean energy technologies in developing nations could significantly assist the environment in many parts of the world today. During the past two decades, warmer conditions have caused habitat changes threatening many species of plants and animals. Global warming has begun threatening the safety of people residing in Pacific Island nations such as Kiribati, too, as rising sea levels eat away at low-lying coastal areas.
At the same time, environmental degradation due to pollution in populous recently industrialized nations, such as China, currently contributes to extremely unhealthy conditions in some locales. As India, Pakistan and other nations develop expanded infrastructure, the need for sustainable “green” energy implementation grows urgent.
Hopefully, the Clean Energy Fund will encourage the adoption of cleaner energy sources by governments and countries around the world. George Soros and other investors in the fund ultimately may produce profound societal changes by encouraging beneficial environmental policies.