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    Home > Organic Chemistry Topics > Organic Chemistry Project > Gates leads the establishment of a $1 billion fund to focus on clean energy technology

    Gates leads the establishment of a $1 billion fund to focus on clean energy technology

    • Last Update: 2022-02-22
    • Source: Internet
    • Author: User
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    After U.
    S.
    President-elect Donald Trump locked in the White House, concerns about the possibility that the U.
    S.
    might reverse its role in responding to global climate change have increased day by day
    .
    ?? American Microsoft founder Bill Gates decided to do it himself
    .
    Gates announced on the 12th that it will jointly establish a $1 billion clean energy technology fund with a number of wealthy individuals to reduce emissions that cause climate change
    .
    ?? This fund will support basic research related to government laboratory projects that have been "started"
    .
    The New York Times said on the 12th that Trump's new administration may threaten the prospects of these studies
    .
    Trump did not elaborate on his views on new energy research, but he did nominate supporters of fossil energy and those who reject climate change research as government officials, including key positions such as the director of the U.
    S.
    Environmental Protection Agency
    .
    Gates said that he expects Trump to realize that the government's financial support for basic research on environmental protection will ultimately benefit enterprises, employment, and infrastructure construction
    .
    ?? He said: "This is a bargain business
    .
    "?? Mentioning the energy policy of the next administration, Gates said that he did have a brief call with Trump a few weeks ago, but "we did not know about the new Inside information on what kind of energy policy the government may implement
    .
    They may reduce research, but they may also increase research substantially
    .
    ” ?? Gates said that the new fund will require more scientific expertise than any previous venture capital fund
    .
    He will announce the fund management team within three months, "our fund companies and consultants will have a very deep scientific background
    .
    " ?? He said that the fund will receive strong support from the University of California
    .
    ?? Gates also said that another difference of this fund is that its investors mainly look at the long-term
    .
    These investors are willing to wait for decades in exchange for generous returns.
    "When cheap electricity becomes reliable, there will be a huge market
    .
    "
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