Bill Gates announces Green Tech Fund to Make Renewables Viable

Watts Up With That?

UK International Development Secretary Justine Greening meeting with Bill Gates, co-chair of the Bill & Melinda Gates Foundation during his visit to London earlier today. Picture: Russell Watkins/DFID UK International Development Secretary Justine Greening meeting with Bill Gates, co-chair of the Bill & Melinda Gates Foundation during his visit to London earlier today. Picture: Russell Watkins/DFID, source Wikimedia

Guest essay by Eric Worrall

Entrepreneur Bill Gates has announced a one billion dollar green tech fund, to try to make renewables fit for purpose.

According to the Sydney Morning Herald;

If successful, the Paris meeting could spur a fundamental shift away from the use of oil, coal and gas to the use of renewable energy sources such as wind and solar power. But that transition would require major breakthroughs in technology and huge infrastructure investments by governments and industry.

Where that money would come from has been a question leading up to the Paris talks. Developing countries like India, the third-largest fossil-fuel polluter, have pushed for commitments by developed nations to pay for their energy transition, either through direct…

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