After announcing the Mission Innovation program to convince nations to double their clean energy investment budgets, Bill Gates has launched another massive initiative at the United Nations Climate Change conference in Paris. The Breakthrough Energy Coalition is backed by a who’s who of tech leaders, including Mark Zuckerberg, Jeff Bezos, Jack Ma and Richard Branson. The idea is to develop new green technology that will increase the world’s energy output — especially in poor countries — without contributing to global warming. Such tech, however, poses a risk that regular investors might shy away from. “We need the basic research, but we need to pair that with people who are willing to fund high-risk, breakthrough energy companies,” said Gates.
Source: Gates Notes