Mouthpieces for an investment fund co-founded by Bill Gates say their teams have decided to refocus strategy on adapting to climate change.
"While BEV's principal focus will continue to be mitigation, we will now work on adaptation as part of our portfolio – adaptation to some of the most severe consequences of elevated levels of greenhouse gases and global warming," he told attendees. "It takes a while for the planet to cool down," Carmichael Roberts, the other half of BEV's investing committee,."It's not like a light switch that you turn and flip off... That's the harsh reality and the motivation – that we are running out of time."
And so the investment fund – which aims to jump-start green tech innovators – has moved to include technologies for adaption in its portfolio with global shipping ports and desalination in its sights.