The Hungarian-born US investor also announced he would form and fund a new climate policy initiative with $ 10m a year for 10 years . " Global warming is a political problem , " Soros told a meeting of editors in the Danish capital where governments are scheduled to meet in December to try to hammer out a new global climate agreement to replace the 1997 Kyoto Protocol . " The science is clear , what is less clear is whether world leaders will demonstrate the political will necessary to solve the problem , " he said , according to a brief email statement .