Monday, November 30, 2015

Climate Change: Clean Energy Research and Development Initiative Announced

Microsoft's Gates to start multibillion-dollar clean tech initiative (Reuters)

Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative today, the opening day of the U.N. climate change summit in Paris (COP21), GreenWire reported Friday.

Gates and a group of developing and developed countries will agree to double their research and development budgets to boost clean energy deployment and work collaboratively, according to GreenWire, an energy and climate trade publication, citing government and business officials familiar with the agreement.

Access to clean energy technology will play a key role in a global agreement to combat climate change. More than 190 countries will negotiate a new pact in Paris from Nov. 30 to Dec. 11.

Gates will join Indian Prime Minister Narendra Modi, U.S. President Barack Obama and French President Francois Hollande to announce Initiative Cleantech at a side event on the opening day of the two-week climate summit, according to a summit agenda released by the French government Friday.

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