Bill Gates announces billion dollar clean energy fund backed by some of world’s richest people

Briefing

Bill Gates announces billion dollar clean energy fund backed by some of world’s richest people

February 7, 2017

Briefing

  • $1 Billion Clean Energy Fund – Breakthrough Energy Ventures (BEV) will invest $1 billion on clean energy, part of Breakthrough Energy Coalition's plans to accelerate research and investment in zero carbon energy
  • World’s Richest Investors – Joined by some of world’s richest people, including Amazon CEO Jeff Bezos, Virgin Group founder Richard Branson, and Alibaba Chairman Jack Ma
  • Investment Criteria – Companies and technologies that can reduce greenhouse gas emissions by at least half a gigaton, while focusing on innovations in electricity, transportation, agriculture, manufacturing and architecture
  • Political Concerns – Launched amid President-Elect Donald Trump’s opposing view on climate change and appointment of Oklahoma Attorney General Scott Pruitt as new EPA administrator

Accelerator

Sector

Energy, Information Technology

Source

Original Publication Date

December 12, 2016

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