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How Billionaires Gates, Bezos and Zuckerberg Could Boost Clean Energy
November 30, 2015
How Billionaires Gates, Bezos and Zuckerberg Could Boost Clean Energy
By Wendy Koch, National Geographic
PUBLISHED NOVEMBER 30, 2015
They’re more than a who’s who of Silicon Valley. The new billionaires’ clean energy club consists of the world’s biggest tech titans, including leaders in India and China.
Microsoft founder Bill Gates announced Monday, the first day of two-week UN climate talks in Paris, that a group of 28 private investors will help countries shift from fossil fuels to energy sources that do not emit planet-warming greenhouse gases.
“Current government funding levels for clean energy are simply insufficient to meet the challenges before us,” the Breakthrough Energy Coalition says on its website. What the group promises is a “different kind of investor with a long term commitment” and "patient" capital.
Gates says the investors aim to get clean-energy ideas out of the lab and into the marketplace. In a blog post, he says that while solar and wind power could help meet the 50 percent increase in global energy demand expected by 2050, "we also need to invent new approaches."
Read more at National Geographic.
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