WHY THE RICH SHOULD DO MORE TO SAVE THE WORLD Featured
One of the remarkable outcomes of the climate change negotiations in Paris is an initiative launched by 28 billionaires on the sidelines of COP21 to push for an increase in funding for clean energy technologies.
The Breakthrough Energy Coalition was pioneered by Microsoft founder Bill Gates. It is aware of the limits of what governments can achieve on their own in shifting the pattern of industrial development and consumption towards cleaner energy. Even though public funding is critical to the development of new technologies, commercialisation by the private sector is what brings them to the market.