Social Media Sidebar

Announcement

Please sign up, comment on articles and bring your friends!

Current poll

PlanetTech is asking:

What do you think about our new web site?

Love it, indeed
Really good solution
Same as old one
The old one was better
This is a new option

Quote of the day

People say we're running out of energy. That's only true if we stick with these old 19th century technologies. We are awash in energy from sunlight.

 

Ray Kurzweil

 

Bill Gates will invest as much as $2 billion in new clean energy partnership

RATE THIS! +43
Posted in Science on 28th Nov, 2015 10:18 PM by AlexMuller

Gates is to announce the largest clean-energy partnership in history. The partnership will be focused on researching and deploying new clean energy, funded by billions of dollars from Gates. A coalition of nations including the US and India have agreed to double their funding for clean energy research.

 

The announcement is timed to the United Nation's annual summit on climate change, which will take place in Paris beginning on Monday. "This is the single biggest cooperative research and development partnership in history," a source told Greenwire.

 
The Gates Foundation doesn't invest in energy technology, focusing instead on anti-poverty work that's unlikely to yield a return. Still, Gates has recently hinted at plans to invest as much as $2 billion of his personal fortune in zero-carbon energy technologies.
 
His goal, as laid out in a 2010 TED talk, is to allow humanity to reach zero global carbon emissions in the next 35 years, a goal that will require huge advances in nuclear, solar, and wind power. "Right now, the world spends only a few billion dollars a year on researching early-stage ideas for zero-carbon energy," Gates wrote after the earlier announcement. "It should be investing two or three times that much."
 
The details of the new fund are still unclear, but Gates has invested in a number of ambitious energy technologies in the past, and expressed interest in a number of others. One Gates investment, Terrapower, focuses on small, sodium-cooled nuclear reactors, which could use depleted uranium for fuel.
 
Gates has also mentioned solar chemical fuels as an area of interest, using solar energy to manufacture hydrocarbon-based fuels that would be effectively carbon-neutral. He has also expressed interest in high-altitude wind farms, which would use airborne crafts to harvest wind energy. Given the ambitious goal and the significant funding behind it, even exotic energy schemes are likely to see substantial seed investments.
 
In an interview with The Atlantic earlier this month, Gates laid out a mix of ambitious ideas as his ideal approach. "We want to give a little bit of money to the guy who thinks that high wind will work; we want to give a little bit of money to the guy who thinks that taking sunlight and making oil directly out of sunlight will work," Gates said. "There’s dozens of those ideas, and there’s enabling technologies for those ideas. That’s the kind of thing that we should be funding more of."

Tags: clean energyclimate changephilanthropybusinessresearchrenewable energy

Read original article » Back to category

Comments

Author: Guest
Posted: 2015-11-29
+1
Indeed, there are many ideas how to generate renewable energy and until these ideas have the opportunity to be rigorously tested, they can not be validated. This is great approach, test a range first before committing to a selected few
1 Replies
Author: Guest
Posted: 2015-11-29
+0
Zero carbon emission and elimination of fossil fuels may look very ambitious but this is an absolute necessity. Gates is investing the right thing Reply
Reply


 

Recent headlines

  • Posted in Medicine on 2017-08-18 18:35:43
    Those at greater risk of having schizophrenia are more.....read more
    Posted in Science on 2017-08-18 18:46:40
    New energy to play a dominant role in China by 2030..read more
    Posted in Science on 2017-08-18 18:41:00
    Astrophysicists predict Earth-like planet 16 light years.....read more
    Posted in Medicine on 2017-08-18 18:30:00
    Alzheimer's may be detected early, via eye exam..read more
    Posted in Medicine on 2017-08-17 17:34:13
    Liquid Biopsy Passes Test for Early Cancer Predicts 59%.....read more
Posted in Business on 2013-10-10 01:33
China is working towards a manned lunar mission in about.....read more
Posted in Business on 2013-10-20 07:17
Spacex says China is their main competitor for commercial.....read more
Posted in Software on 2013-10-20 06:43
Pirate Bay Browser Clocks 1,000,000 Downloads..read more
Posted in Medicine on 2013-10-10 02:10
Google reportedly investing hundreds of millions into new.....read more
Posted in Medicine on 2013-10-14 03:13
Endothelial Cells Can Repair and Regenerate Organs,.....read more
Posted in Science on 01.01.2010
Spacex says China is their main competitor for commercial.....read more
Posted in Science on 01.01.2010
Staring at Your Phone Could Be Making You Short Sighted..read more
Posted in Science on 01.01.2010
Oculus Rift virtual reality headset coming to mobile, but.....read more
Posted in Science on 01.01.2010
China is working towards a manned lunar mission in about.....read more
Posted in Science on 01.01.2010
Delivering drugs via nanoparticles to target mitochondria..read more

Recent Blog Posts

  • Posted by AlexMuller
    Scientists probe Neptune's depths to reveal secrets of icy.....read more
    Posted by AlexMuller
    New terahertz imaging approach could speed up skin cancer.....read more
    Posted by AlexMuller
    Rebutting the claim that antidepressants do not work..read more
    Posted by AlexMuller
    Artificial neural networks decode brain activity during.....read more
    Posted by AlexMuller
    Four Earth-sized planets detected orbiting the nearest.....read more

Login to your Account

Login to your PlanetTech Account here

Username:
Password:
Remember me
or

Create a New Account

You just need username and password

The following errors occured:
Username:
Email:
Password:
Verify password:
Remember me