Bill Gates' investment group is launching a European clean energy fund
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Bill Gates, billionaire and co-chair of the Bill and Melinda Gates Foundation, during a panel session at the World Economic Forum in Davos, Switzerland. Photographer: Jason Alden/BloombergSupport will be provided to European companies working to “bring radically new clean energy technologies to the market.” Investments are expected to start before the end of 2019.
Ambroise Fayolle, VP of the EIB responsible for innovation, added: “Successfully tackling climate change needs CO-neutral energy production – and we do not have much time to achieve this. Deployment of cutting-edge technologies must be accelerated. This financing will allow new technology to replace fossil-intensive energy generation.”
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