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Bill Gates boosts $2bn to accelerate renewable breakthroughs

Gates foundation, renewables, fossil, global warming, climate change, investment

There is an urgent need for “high risk” investments in breakthrough technologies for renewables

Bill Gates intents to double his investments in green energy technology and research to limit global warming.

In his interview with the Financial Times, Gates told the journalist that he would double his investments in renewables to 2020.

The Gates Foundation launched a campaign to divest from coal, oil and gas companies. More than half a million people signed up to the campaign.

He said that there is an urgent need for “high risk” investments in breakthrough technologies for renewables.

A “miracle” on the level of the invention of the automobile is necessary to avoid a climate catastrophe. Current renewables are not yet close to being able to meet projected energy needs by 2030.

Last year, Warren Buffett, offered $2,1 billion of his Class B Bershire Hathaway shares to the Gates Foundation, to boost Better World solutions.

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