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Billionaire Bill Gates and U.K. Prime Minister Boris Johnson announced a $552 million partnership Tuesday aimed at bringing green technologies in the U.K. to market. Breakthrough Energy Catalyst, an arm of Gates’ climate investment firm, will invest $276 million over the next ten years in green hydrogen, long-term energy storage, sustainable aviation fuels and direct air capture of carbon dioxide technologies. The investment matches a pledge already made by the U.K. government with the goal of commercializing these technologies and bringing the U.K. to net-zero emissions by 2050.
“Our partnership with the United Kingdom will accelerate the deployment of critical climate solutions, helping to make them more affordable and accessible,” Gates said in a statement."In order to achieve net-zero emissions, we need to reduce the costs of clean technologies so they can compete with and replace the high-emitting products we use today.”
The announcement was made at the Global Investment Summit in London, which aims to promote the U.K. as a destination for big investors.regarding which specific companies or projects the funds will go toward or how the recipients of the funding will be determined.
Ianbins How much of that does Bill get?
Very Good..................
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