Bill Gates will lead a new $1 billion clean energy fund
The Microsoft founder is joined by some of the world’s richest people in supporting a 20-year fund called Breakthrough Energy Ventures. Investors include Amazon founder and CEO Jeff Bezos, Virgin Group founder Richard Branson, andAlibaba Executive Chairman Jack Ma. Gates will serve as the chairman of the fund, which is the venture arm of the Breakthrough Energy Coalition, a group founded last year to accelerate research and investment in clean energy.
The fund will invest in companies and technologies that have “the potential to reduce greenhouse gas emissions by at least half a gigaton,” according to the website. It will specifically target innovations in electricity, transportation, agriculture, manufacturing and architecture.
In a video on the Coalition’s website, Gates said funding should be directed at researchers investigating the early stages of problems affecting the climate. He noted that while the government can fund basic research, private investors should back those that are embarking on risky ventures, from startups to large companies.
Technology will help solve our energy issues, feed the world, and produce goods without emitting greenhouse gases. The urgency of climate change and the energy needs in the poorest parts of the world require an aggressive global program for zero-emission energy innovation. The new model will be a partnership between governments, research institutions, and investors. Scientists, engineers, and entrepreneurs can invent and scale the innovative technologies that will limit the impact of climate change while providing affordable and reliable energy to everyone. The existing system of basic research, clean energy investment, regulatory frameworks, and subsidies fails to mobilize sufficient investment in truly transformative energy solutions for the future. We can’t wait for the system to change through normal cycles.
Breakthrough Energy Ventures (BEV) is an investor-led fund made up of members of the Breakthrough Energy Coalition, guided by scientific and technological expertise and committed to investing patiently in developing new ways to live, eat, travel, and build.
Our leadership will be made up of entrepreneurial investors and scientists, and our investments will be guided by solid research as well as by market priorities.
nice logo guys..
“We can’t wait for the system to change through normal cycles.”
so its going to be brute forced upon you..prepare the lube..
“The Microsoft founder is joined by some of the world’s richest people in supporting a 20-year fund called Breakthrough Energy Ventures. Investors include Amazon founder and CEO Jeff Bezos, Virgin Group founder Richard Branson, andAlibaba Executive Chairman Jack Ma.”
the usual clown parade..