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When it comes to energy, people say you cannot make money, meet demand, and also benefit the environment. But we can, and we will," Mr. Ma said in the statement. "This effort will combine technological innovation and scientific knowledge with the investment expertise needed to transform energy markets. Together, we'll remind the world that visionary ideas make wonderful realities." Gates first announced his energy innovation project, the Breakthrough Energy Coalition , at the climate-change summit in Paris in 2015. "We need to bring the cost premium for being clean down," Gates told CNN at the time. "You need the innovation so that the cost of clean is lower than the coal-based energy generation." According to the Breakthrough Energy Coalitions website, the group will focus on innovation in electricity generation, transportation, agriculture, manufacturing, and buildings. Among the clean energy investment criteria outlined on Monday by the coalition was that technologies have the potential to reduce greenhouse-gas emissions by at least a half gigaton. The new coalition already has partnered with a group of 20 countries including the United States and the European Union known collectively as Mission Innovation , that promised to double their investment in clean energy research over five years, as Forbes reports. The partnership thats key to [bringing the cost of clean energy down] is governments funding basic research and private investors, like the group of 28 people I brought together to take the high-risk venture investments and turn those into products, so we can add clean energy thats not more expensive than todays hydrocarbon energy,Gates told CNN in November 2015. The fund announcement comes less than a week after President-elect Donald Trump confirmed the nomination Oklahoma Attorney General Scott Pruitt, a global warming skeptic, to lead the Environmental Protection Agency (EPA).Mr. Pruitt has argued that EPAs rules to curb carbon emissions drive up electricity rates, undermine the nation's power grid and "create economic havoc." Mr.
For the original version including any supplementary images or video, visit http://www.csmonitor.com/Environment/2016/1212/Bill-Gates-and-his-fellow-billionaires-join-forces-to-promote-clean-energy
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