Bill Gates-backed fund to invest $15bn in climate tech innovation (2024)

FAQs

Does Bill Gates own breakthrough energy? ›

Breakthrough Energy is the umbrella name of several organizations, founded by Bill Gates in 2015, that aim to accelerate innovation in sustainable energy and in other technologies to reduce greenhouse gas emissions.

Climate adaptation is becoming more expensive as the magnitude of climate change sets in. Countries may need to spend up to $300 billion a year by 2030 and $500 billion by 2050, according to the United Nations Environment Programme. Yet these estimated costs are 5 to 10 times greater than current funding flows.

Climate Policy Initiative (CPI)'s Global Landscape of Climate Finance 2023, the most comprehensive overview of global climate-related primary investment, shows that average annual flows in 2021/2022 reached almost USD 1.3 trillion, doubling compared to 2019/2020 levels.

No. 1: Denmark. Denmark tops the Climate Change Performance Index for the third year in a row in 2024. The Nordic nation scores “high” in the greenhouse gas emissions and renewable energy categories, but falls short of the “very high” rating needed to enter the top three of the overall rankings.

Bill Gates's Latest Startup Bet: How a Gram of Fusion Energy Could Replace 22,000lbs of Coal. Breakthrough Energy Ventures, run by the Bill and Melinda Gates Foundation, has made some aggressive moves in the recent months, including becoming the lead investor in Type One Energy.

The first form of power is legitimate power. This power is derived from the title held by a person in an organization and is used by a person who has authority over another. In the case of Bill Gates, who is a top executive within Microsoft, he would use this power when dealing with lower level staff.

BlackRock says it manages more than $800 billion through its sustainable investing platform. Additionally, banks helped arrange a record $150 billion of green, social, sustainability and sustainability-linked bonds globally last month and they remain committed to investing in the energy transition.

Love letter to my planet. As the world's largest climate fund, GCF accelerates transformative climate action in developing countries through a country-owned partnership approach and use of flexible financing solutions and climate investment expertise.

The ideal candidate will have an advanced degree in economics or other relevant area and a demonstrable track record in designing scenarios for climate physical and transition risks and performing stress testing to cover both risks.

Today banks, investors, and asset managers have positioned themselves to make money no matter how — or whether — countries finally take meaningful steps to stop climate change. In fact, for some of the world's largest, most powerful, and most globally integrated companies, the climate crisis is a win-win-win situation.

What is the $100 billion climate pledge? ›

The 100 billion U.S. dollars a year is a collective commitment of developed countries. There is no official assessment of each country's share of the goal. However, developed countries are required to provide forward and backward-looking information regarding their climate finance commitments.

Transport and energy are leading climate tech exits

Interestingly, 64% of those exits – conducted by 186 companies – came from the same two sectors: transport and energy.

Chad. Chad ranks as the world's most climate-vulnerable country on the Notre Dame-Global Adaptation Initiative Index, which examines a country's exposure, sensitivity and capacity to adapt to the negative effects of climate change.

Rodi Guidero serves as Executive Director of Breakthrough Energy, leading the organization that encompasses all of Bill Gates' climate and energy work. As part of these responsibilities, Rodi also serves as Managing Partner of Breakthrough Energy Ventures, a collection of funds and a division of Breakthrough Energy.

BEV's investors include global business leaders, individuals, and a government investment fund with the resources, risk tolerance, and patience to invest in climate technology.

Microsoft. Microsoft was founded on April 4, 1975, by Bill Gates and his friend Paul Allen. Gates and Allen were both fascinated by computers and were innovators in this customer market. What started as two inventors in a garage in Albuquerque, New Mexico, has become the company in the world.