World's richest fund invests in clean energy

Bill Gates, Jeff Bezos, Jack Ma. No, it's not a post about the giants that dominate the world economy, but a news appeared directly on gatesnotes, the blog of the founder of Microsoft, which announces the birth of the richest investment fund in history.

Gates, in fact, stated:

"Breakthrough Energy Ventures (BEV), a fund that will invest more than $1 billion in scientific breakthroughs that have the potential to deliver cheap and reliable clean energy to the world".

" BreakthroughEnergy Ventures (BEV), a fund that will invest more than $1 billion in scientific breakthroughs that have the potential to deliver cheap and reliable clean energy to the world."

Origins. A fund that has its origins in the initiative launched about a year ago Breakthrough Energy Coalition, through which Gates had announced his willingness to invest a billion dollars in research and energy technologies together with other protagonists of the world economy (including the founders of the largest social networks, such as Mark Zuckerberg and Reid Hoffman).

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The mechanisms. The fund is already online, will be operational from 2017 and have been placed 20 years as duration. Five sectors on which it will focus: electricity, transport, agriculture, manufacturing and construction. 170 are instead the billion dollars allocated to support innovation in these sectors, making it, according to Quartz, Breakthrough Energy Ventures the richest group of investors ever gathered under one cause. The fund will be "open" to both startups and companies already established in the market.

A challenge? Some have called this announcement by Bill Gates a real challenge to the new President Donald Trump, who during his own election campaign has repeatedly defined climate change as "a Chinese scam". Beyond the political implications, the richest fund in the world has set itself a great challenge: to help create sustainable development around the world by investing in startups.

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