Soros puts money where the environment is

Beijing - Businessman and philanthropist George Soros has started assisting China's low-carbon and climate change research by supporting a policy centre at renowned Tsinghua University.

Opened with a low-key ceremony at Tsinghua University last week, the Climate Policy Institute is the third such centre supported by Soros, who has committed to donating $10 million every year for the next 10 years for climate-change policy research.

The research organization will put China's low-carbon development research high on the agenda, said Qi Ye, director of the newly opened Tsinghua institute under the umbrella of Soros' Climate Policy Initiative (CPI), which is headquartered in San Francisco.