The world of environmental investing is warming up, too. It takes patience and guts to invest in the environment.
AL GORE does not just make films about climate change. His fund-management firm, Generation Investment Management, has just raised $683 million for a "climate solutions" fund. The hope is that environmental principles and shrewd investing can produce strong profits.
But could the combination of soapbox movies and warm air form a bubble instead? Certainly, the valuations that have been attached to some green shares have brought back memories of the dotcom era. As yet, though, the sector has not created the household names, the Netscapes and the eBays, that were seen as "must buys" for your average day trader.
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