Bill Gates To Launch Multi-Billion-Dollar Clean Energy Fund

29 Nov 2015 9:21 AM GMT
Bill Gates To Launch Multi-Billion-Dollar Clean Energy Fund
Source: reuters | Image Courtesy: thenation

Microsoft co-founder Bill Gates and a group of developing and developed countries will lauch a multi-billion clean energy research and development initiative, in which countries will commit to doubling their budgets being invested on clean energy technology research and development.

As per Reuters more than 190 countries will negotiate a new pact in Paris from Nov. 30 to Dec. 11 at the 21st U.N. Conference of the Parties summit.

France, the United States, India, South Korea, Indonesia, Saudi Arabia, Australia, Canada and Norway have said they will join the initiative.

For India, the world’s third largest greenhouse gas emitter, access to clean energy technology is at the core of its national strategy to combat climate change.

India has argued that developed countries need to help poorer countries gain access to renewable energy or zero-emission technologies by helping reduce costs and removing barriers such as intellectual property rights.

Read more at Reuters.

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