It's the Environment, Stupid.

Monday, January 08, 2007

R&D Funding from Goldman Sachs

Goldman Sachs is putting its money to good use and funding R&D for market based solutions to climate change. Green Biz (via WBCSD) reports that Goldman Sachs awarded a combined total of $2.3 in research grants to Resources for the Future, World Resources Institute, and Woods Hole Research Center. The projects funded range from researching viable federal climate change policy; testing emission reduction technologies; and researching the vital role of forests and ecosystems.

Goldman Sachs is often hailed as one of the top environmentally minded companies in the US (if not globally), so it is nice to see such a company stick to their word by investing in a much needed element in this whole global climate change thing - research and development. More funding into R&D will help spur innovation and potentially develop real solutions that can make a difference - in this case, market based solutions.

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