The founder of Facebook and Microsoft are collaborating to solve climate change by investing in zero-carbon energy technology. A group of 20 billionaires across the world including Gates and Mark Zuckerberg are about to invest in innovative clean energy.
Gates and world leader will also be announcing an initiative called “Mission Innovation,” which Gates describes as “a commitment by more than 20 countries to invest more in research on clean energy technology.” Each county pledges to double investment in clean energy technology and to be transparent about its clean energy technology research and development efforts.
Bill Gates has invested in clean energy in the past, but this is the most public statement given by him. He has joined in the Breakthrough Energy Coalition by more than 20 billionaires who have been outspoken and committed to clean energy.
The operating principle of the coalition is that the world is using 50 percent of more energy by mid-century than it is does today. That should be the good news, especially for the poorest, because more than one billion people live without accessing basic energy services. Reliable and cost effective energy makes easier for them to grow more food, run schools, businesses, and hospitals. They can also take advantage of all the things that make up modern life.
The increasing demand for energy is a big challenge, because most of the energy comes from hydrocarbons, which emit greenhouse gases and drive climate change. Therefore, we need to find sources that provide energy that are reliable, cost effective, and do not produce any carbon. Currently we have renewable technologies as wind and solar power have made a lot of progress and could be one path to zero carbon energy for the future.
Mission Innovation and the Breakthrough Energy Coalition both are different programs but both are working closely to each other in countries that have committed to reducing carbon emissions.