Bill Gates, Jeff Bezos, Jack Ma, Mukesh Ambani join forces to fight climate change

By Think Change India|13th Dec 2016
Clap Icon0 claps
  • +0
    Clap Icon
Share on
close
Clap Icon0 claps
  • +0
    Clap Icon
Share on
close
Share on
close

Bill Gates, Jeff Bezos, Jack Ma, and Mukesh Ambani are among the all-star team of investors who have come together to form the Breakthrough Energy Ventures (BEV) fund. The fund of over $1 billion aims at fighting climate change through investments in innovations in the clean energy sector.

Credit : Creative Commons
Credit : Creative Commons

The fund has a 20-year duration, and is a step forward in the Breakthrough Energy Coalition, a group of over 20 billionaire individuals and families unveiled at the UN Climate Change talks in Paris last year. The group’s mission is to fight climate change and global warming through innovation. "Anything that leads to cheap, clean, reliable energy we’re open-minded to," Bill Gates, chairman of the BEV fund told Quartz.

The coalition has already partnered with Mission Innovation, through which over 20 countries and the European Union have pledged to double their clean energy research investment in five years. In order to reduce the emission of greenhouse gases, Gates has noted five challenges that need to be addressed, which include electricity, buildings, manufacturing, transportation, and food, reports Forbes.

Climate change has become an eminent threat. July 2016 was the hottest month recorded since 1880, when recordkeeping of temperature began. 14 of the 15 hottest recorded years have occurred since 2000. The dialogue on climate change is generally restricted to carbon emissions, increasing temperatures, and rising sea levels. The repercussions of climate change, however, include wars, earthquakes, and tsunamis.

Do you have an interesting story to share? Please write to us at tci@yourstory.com. To stay updated with more positive news, please connect with us on Facebook and Twitter.

Get access to select LIVE keynotes and exhibits at TechSparks 2020. In the 11th edition of TechSparks, we bring you best from the startup world to help you scale & succeed. Join now! #TechSparksFromHome