Bill Gates attracted hundreds of millions of dollars to develop “clean technologies”, which will play a key role in the rescue of the planet. According to CNBC, the non-profit organization Breakthrough Energy, founded by billionaire in 2016, received investments from seven large American companies.
The amount of attracted funds is not disclosed, but, according to analysts, it can reach a billion dollars. Investors were companies such as Microsoft, Blackrock, General Motors, American Airlines, Boston Consulting Group, Bank of America and ArcelorMittal. Money will be sent to the Breakthrough Energy Catalyst project, which is responsible for producing new solutions to support the economy with zero carbon emissions.
Gates stated that the “New Industrial Revolution” is necessary if the world wants to avoid a climate catastrophe. “Half of the technologies necessary to achieve zero emissions, or there is no, or too much for most of the world,” he said. – Catalyst must change the situation and provide an effective way to invest clean technologies. ” The program will develop carbon trapping technologies and long-term energy storage, as well as for the production of pure hydrogen and environmentally friendly fuel.
General Director and Chairman of Blackrock Larry Fink stated that the transition to the world with zero emissions is “the general responsibility of every citizen, corporation and government.” According to him, the global energy transition will require 50 trillion dollars.
Gates is not the only billionaire who is trying to fight climate change. The founder of Amazon Jeff Bezos Established the Decymalen Stilliard Foundation Bezos Earth Fund, and Tesla CEO Ilon Mask promised to invest $ 100 million in new carbon trapping technologies.