NewEnergyNews More: Climate Heats As Bill Gates Plans New Energy

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  • Tuesday, December 13, 2016

    Climate Heats As Bill Gates Plans New Energy

    Bill Gates Leads New Fund as Fears of U.S. Retreat on Climate Grow

    Hiroko Tabuchi and Henry Fountain, December 12, 2016 (NY Times)

    “…[There is some hope a billion-dollar investment fund led by Bill Gates and his fellow technology titans could fill the void in New Energy research and development left by the Trump administration due to its climate change skepticism. The billionaire] co-founder of Microsoft is starting] a fund to invest in transformative energy research and development to reduce the emissions that cause climate change. The work would supplement and build on basic research already underway…[Despite Mr. Trump’s expressed skepticism about climate change and his appointment of fossil fuel advocates to his cabinet, Mr. Gates said he expected the president-elect to recognize that government funding of basic research would eventually be good for business, jobs, infrastructure and other economic elements that Mr. Trump campaigned on…Mr. Gates’s new investment fund, Breakthrough Energy Ventures…[is backed by at least] 19 other investors, including Jack Ma, founder of the Chinese e-commerce giant Alibaba, and the venture capitalists John Doerr and Vinod Khosla. The fund will have a life span of 15 to 20 years…The fund will consider investing in electricity generation and storage, transportation, agriculture and energy-system efficiency…” click here for more

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