Bill Gates Will Invest $2 Billion In Renewable Energy Over Next Five Years

Bill Gates Renewable Energy

Microsoft founder Bill Gates is doubling his investment in renewable energy, announcing plans to spend $2 billion over the next five years. According to Gates we need to “bend the curve” on climate change, and the best way to reach that goal is through innovation.

During an interview with the Financial Times, Gates said he is already investing in early-stage companies that offer better battery storage, next-generation nuclear, solar-chemical power, high-wind power, and free air carbon capture

Gates is currently directly or indirectly investing in 45 companies that focus on renewable energy.

Mr. Gates believes it is the government’s job to spur innovation in the renewable energy space, noting that green tech “should be like the Manhattan Project and the Apollo Project in the sense that the government should put in a serious amount of R&D.”

While he may be putting billions behind renewable resources, he will not divest from fossil fuel companies — including BP. Gates, “doesn’t see a direct path between divesting and solving climate change.”

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Written by Peter Mondrose

Peter Mondrose

Peter Mondrose is the Editor-In-Chief at BusinessPundit. He received his degree in Economics in 1998 and a second degree in Journalism in 2004. He has served as a financial adviser, market trader, and freelance journalist for the last 11 years. When he's not investigating market conditions and reporting on workplace news, he can be found traveling with his wife, dog, and laptop. He can be reached at PeterMondrose@BusinessPundit.com or (929) 265-0240.