Al Gore’s Climate Solutions Fund Closes $638 Million

gore.jpgGeneration 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.

Nick Aster is a new media architect and the founder of has since grown to become one of the web's leading sources of news and ideas on how business can be used to make the world a better place.

Prior to TriplePundit Nick worked for Mother Jones magazine, successfully re-launching the magazine's online presence. He worked for, managing the technical side of the publication for 3 years and has also been an active consultant for individuals and companies entering the world of micro-publishing. He earned his stripes working for Gawker Media and Moreover Technologies in the early days of blogging.

Nick holds an MBA in sustainable management from the Presidio School of Management and graduated with a BA in History from Washington University in St. Louis.