Nov. 13, 2007 Public equities firm Generation Investment Management has joined forces with venture capital investor Kleiner Perkins Caufield & Byers (KPCB) to "find, fund, and accelerate" the development of new businesses and technology solutions aimed at addressing global warming.

The two firms say they will collaborate on opportunities spanning a variety of sectors, including renewable energy technologies, building efficiency, cleaner fossil energy, sustainable agriculture, and carbon markets.

There is a significant gap between the capital needed and the capital currently deployed to create enduring solutions to the climate crisis," syas Generation co-founder and managing partner David Blood. "To address this financing gap will require the efforts of many players, including entrepreneurial ventures, multinational businesses, governments, multilaterals and investors."

In support of the collaboration between Generation and KPCB, former vice president Al Gore will join KPCB as a partner.