Microsoft co-founder and billionaire philanthropist Bill Gates believes that private investors should foot the bill for increased spending on technologies to fight global climate change.
Bill Gates is on a worldwide lobbying campaign to press humanity to innovate their solution of global climate change, making the transition to new types of energy, reports the Vegnum.
He has pledged to commit $2 billion himself.
Gates believes that we could stimulate ingenuity to combat global climate change by dramatically increasing spending on research and development.
He believes that non-public investors should foot the bill. He has pledged to commit $2 billion himself.
Collectively, 28 private investors, including Gates , Facebook's Mark Zuckerberg and Amazon's Jeff Bezos, have pledged their own money to assist build private businesses based on public "green energy" research. Collectively, the 28 private participants are worth an estimated $350 billion.
Developing new sources of energy requires very patient money. as a result of this, Gates and his fellow billionaires will offer early-stage capital for technologies with long-term potential to get clean energy.
Gates said on Monday that he's "optimistic that we will invent the tools we need" to fight global climate change . He added that the investors are pledging $7 billion to develop such tools.