Clean Air Gates
Bill Gates is afraid that the new Donald Trump Administration won't take climate change and emissions reduction as a priority. Therefore, the billionaire co-founder of Microsoft announced on Monday the start of a fund to invest in transformative energy research and development to reduce carbon emissions.
Mr. Gates’s new investment fund, Breakthrough Energy Ventures, is intended to capitalize on the government-backed research through partnerships with other research and academic institutions.
Trump has described climate change as a "Chinese hoax" and has nominated a climate change negationist as head of the Environmental Protection Agency (E.P.A).
Two weeks ago, Bill Gates and Donald Trump had a phone conversation to discuss how the new president-elect is going to focus climte change and research on environmental issues. Asked if he was optimistic after the call and Trump’s recent appointments Gates said he had hopes. "Innovations could be bipartisan. We should all do our best.”
Gates has gathered a significant number of investors to raise more than $1 billion that will be at the fund’s disposal, starting in 2017. The goal is to increase investments in energy-related technologies that will reduce, if not eliminate, greenhouse gas emissions.
Investors in Breakthrough Energy Ventures include Jeff Bezos, chief executive officer of Amazon.com Inc., Richard Branson, the founder of Virgin Group Ltd., and Michael Bloomberg, the founder of Bloomberg LP.
As reported in The New York Times.