Bill Gates, Jeff Bezos, Jack Ma Create Climate Fund, Breakthrough Energy Ventures, Worth $20 Billion
The following is an excerpt from RISHABH JAIN | December 12, 2016 | ibtimes.com |
The battle against climate change is being waged, whether the incoming U.S. administration supports it or not. Large private players from the tech and finance industries are working on handling the climate change situation on their own.
Microsoft founder Bill Gates, Amazon owner Jeff Bezos and Chinese e-commerce giant Alibaba owner Jack Ma have teamed up with 15 other high-profile investors for a new venture, Breakthrough Energy Ventures (BEV), which will invest $1 billion per year in cleantech companies for the next 20 years.
The firm’s website says that its goal is to “provide everyone in the world with access to reliable, affordable power, food, goods, transportation, and services without contributing to greenhouse gas emissions.”
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