Bill Gates forms $1B climate-change tech fund — USA Today
▻http://www.usatoday.com/story/money/2016/12/12/bill-gates-breakthrough-energy-partners-climate-change/95326010
Billionaire philanthropist and technologist Bill Gates is set to announce Monday the formation of a new fund with more than $1 billion to invest in technologies aimed at counteracting climate change.
The Breakthrough Energy Ventures fund “will finance emerging energy breakthroughs that can deliver affordable and reliable zero carbon emissions,” the investors said in a statement.
Gates announced intentions to form such a fund in late 2015, having already secured pledges from a variety of global investors.
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Investors include Amazon founder and CEO Jeff Bezos, Alibaba executive chairman Jack Ma, Virgin Group founder Richard Branson, Kleiner Perkins venture capitalist John Doerr, LinkedIn co-founder Reid Hoffman and SoftBank founder and CEO Masayoshi Son.
The fund is connected to the Breakthrough Energy Coalition, whose five-pronged approach to funding climate-change mitigation efforts focuses on electricity, transportation, agriculture, manufacturing and buildings.