One of the biggest moguls of tech industry, Bill Gates, is reported to announce the largest clean energy initiative on Monday tomorrow. According to ClimateWire, co-founder of Microsoft will personally invest an estimated $2 billion in research and development of clean, carbon-free energy. The clean energy initiative will be unveiled on the first day of United Nations’ Summit on Climate Change due to be held on Monday. Climate change is real and the need to counter it is becoming more than just necessary. Several countries, both developed and otherwise, will feel the drastic effects of climate change in the coming years, much of which are beyond comprehension. While talking about the clean energy initiative, Gates in a blog post said,
I am doing it because I believe that the next half-decade will bring many breakthroughs that will help solve climate change.
For this clean energy initiative, Gates will be partnering up with another party (maybe more) however it is uncertain as yet who the party(s) will be. Based on reports, it will be an alliance of billionaires from around the world including U.S., France, and India. He will join the U.S. President Barrack Obama, French President Francois Hollande, and Indian PM Narendra Modi to announce the clean energy initiative.
We know that Bill Gates has previously invested personally in renewable energy technology such as high-altitude wind farms, solar chemical power, and TerraPower. These investments are independent of the Bill and Melinda Gates Foundation which is primarily aimed at anti-poverty work. While the details of the clean energy initiative are currently scarce, the investment is the largest in the fight against climate change. The focus of clean energy is to produce minimum carbon because that particular element is what harms the climate. Gates wrote in the aforementioned blog post that, “Digital technology has revolutionized the way people live. We can create a zero-carbon future too, if we commit to it.” Hopefully, the clean energy initiative and the mammoth investment will pay off.You can follow us on Facebook, Twitter, or Google+ for more updates. Otherwise fill in the subscription box above, or subscribe to our RSS Feed.