Bill Gates, Along With Many Other Major Investors Created A Fund For Clean Energy
Now Bill Gates is up to something and it’s a pretty good cause. He is spearheading a tech industry led effort in order to invest more than a billion dollars in clean energy companies. The Breakthrough Energy Ventures was officially announced on Monday and has a backing from 20 investors. The investors are not small names but big names we all know of and include, Gates, Jack Ma, chairman of Alibaba, Vinod Khosla of Khosla Ventures and SAP co-founder Hasso Plattner.
Bill Gates and efforts for climate change reversal
Gates had announced his intention for this last year at the climate talks in Paris. This was a way to increase the speed of innovation of methods to fight the rapid climatic changes going on. Gates said in a statement, “Our goal is to build companies that will help deliver the next generation of reliable, affordable and emissions-free energy to the world.” Jack Ma also gave a statement on this matter and added, “Too often, we let what we think we know limit what is possible. When it comes to energy, people say you cannot make money, meet demand and also benefit the environment. But we can and we will.”
The fund will invest the funds over a period of 20 years and will invest in all companies that require funding, whether it is seed funding or money for commercialization. The investors described this fun as a ‘patient capital’ that is working towards creating a zero carbon future. This is a very noble step and we can hope helps deal with the carbon issues we face at hand.
Trump and his efforts for climate change
Adding to this another factor is that Donald Trump is preparing to assume office next month and he plans on tapping a cabinet that include opponents of energy regulation and skeptics of climate change. Among these is Scott Pruitt, who will be leading the Environmental Protection Agency. Let it be known that Pruitt is a close ally of the fossil fuel industry and also a major opponent of Obama’s efforts to control the carbon emissions. Well, all that is left to be said is that this may take a very interesting turn in the future.