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A New Model for Investing in Energy Innovation

Author:
Bill Gates

By the middle of this century, the world will use twice as much energy as we use today.

There’s good news in this: more energy means better lives and stronger economies.

But it also means the world needs a new energy supply—one that doesn’t contribute to climate change. Climate change is a serious threat, especially in the poorest parts of the world. 

We need affordable and reliable energy that doesn’t emit greenhouse gas to power the future—and to get it, we need a different model for investing in good ideas and moving them from the lab to the market.

That is why today, I, along with an incredible group of people who care a lot about energy innovation, am announcing the launch of Breakthrough Energy Ventures (BEV), a fund that will invest more than $1 billion in scientific breakthroughs that have the potential to deliver cheap and reliable clean energy to the world.

 

The article's full-text is available here.

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