Bill Gates launches Clean Energy Venture Fund

Bill Gates - $1bn to launch clean energy fund.

Microsoft Co-Founder Bill Gates has launched a $1bn fund to finance emerging clean energy technology to help reduce greenhouse gas emissions.

The new initiative – the Breakthrough Energy Ventures Fund – will involve more than twenty of the most influential leaders, entrepreneurs, and venture capitalists including John Doerr, Chairman of venture firm Kleiner Perkins Caufield & Byers, Alibaba Founder Jack Ma, Khosla Ventures Founder Vinod Khosla, Laura and John Arnold Foundation Co-Chair and former Energy Hedge Fund Manager John Arnold, Amazon Founder and CEO Jeff Bezos, and SAP Co-Founder Hasso Plattner.

Bill Gates said in a statement on Sunday night: “I am honoured to work along with these investors to build on the powerful foundation of public investment in basic research... Our goal is to build companies that will help deliver the next generation of reliable, affordable, and emissions-free energy to the world.”

Read the ClimateAction story - “Bill Gates launches Clean Energy Venture Fund.”