Bill Gates Starts $1 Billion “Breakthrough Energy Ventures Fund” on Climate Change
Microsoft co-founder Bill Gates and a group of high-profile executives are investing USD 1 billion in a fund to spur clean energy technology and address global climate change a year after the Paris climate agreement.
Gates launched the Breakthrough Energy Ventures fund on Monday along with billionaire entrepreneurs such as Facebook Inc head Mark Zuckerberg, Alibaba Group Holding Ltd Chairman Jack Ma and Amazon.com chief Jeff Bezos.
The fund seeks to increase financing of emerging energy research and reduce global greenhouse gas emissions to help meet goals set in Paris, according to a statement by the investor group known as the Breakthrough Energy Coalition.
It marked the first major investment of the coalition formed in December 2015 to spur research, development and deployment of c...