Microsoft founder Bill Gates has pledged to invest $1.5 billion (about 1.3 billion euros) through his Climate Fund in projects in the United States if the U.S. government approves a program to reduce carbon dioxide emissions. This massive investment plan is currently under consideration by the US Congress.
Earlier this week, the Senate had already approved a plan to pump 1,200 billion dollars (1,022 billion euros) to improve infrastructure. Of that amount, billions of dollars should be funneled into the Department of Energy for projects to combat climate change. The House of Representatives has not yet issued its speech.
According to Gates, if the plan is enacted in legislation, it will not only reduce pollutant emissions, but also create many jobs.
The ambitious plan includes spending $550 billion (469 billion euros) on public transport, broadband internet and clean water. In addition, the money will be spent on improving electricity charging infrastructure and other measures to combat climate change.
The Gates Climate Fund will spend $1.5 billion over three years with the goal of eliminating greenhouse gas emissions. Investments will focus on green jet fuel development, hydrogen and long-term energy storage.
Gates described it as critical that the costs of climate technology be brought down so that they can be raised to an “enormous level”. According to him, the latter can only be done through the correct policy of the government.
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