Bill Gates to invest $2bn in breakthrough renewable energy projects

Bill Gates has announced he will invest $2bn (£1.3bn) in renewable technologies initiatives, but rejected calls to divest from the fossil fuel companies that are burning carbon at a rate that ignores international agreements to limit global warming.

Gates dismissed the calls of the fossil fuel divestment movement on the basis that it would have little impact. Gates says the only way current technology could reduce global emissions is at “a beyond astronomical cost” and that innovation is the only way to reach a positive scenario.

The Guardian

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