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Bill Gates Pledges $1.5 Billion for Infrastructure Bill’s New Climate Projects

Timothy Puko of The Wall Street Journal writes that Bill Gates has pledged $1.5 billion for new climate projects.

The C3 Take
  • If the bipartisan infrastructure deal is passed, Bill Gates will give $1.5 billion to accelerate the development of carbon-reducing technologies.
  • In addition to Gates’ commitments, other members of the private sector have pledged to spur and coordinate investments in clean technologies such as electric vehicles and EV charging stations.
  • The private sector is leading the way in advancing durable solutions to climate change.

“Mr. Gates, in an interview with The Wall Street Journal, said a fund run by his Breakthrough Energy Ventures could spend the money over three years on projects aimed at slowing the greenhouse-gas emissions that cause climate change. The Breakthrough projects, which would have to compete with other applicants for the funds, could include emissions-free fuel for planes and technology to suck carbon-dioxide out of the air.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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