Bill Gates sets up "Breakthrough Energy Coalition" investment in clean energy technologies

The famous American businessman Bill Gates announced here that he had set up a foundation named "Breakthrough Energy Coalition" which included 27 billionaires or investors and the University of California, and specialized in investing in clean energy technologies.

According to Gates, the "Breakthrough Energy Coalition" members included Facebook founder Mark Zuckerberg, Aliko Dangote, the so-called richest man in Africa, Amazon founder Jeff Bezosy and four Chinese businessmen: Alibaba Group founder Ma Yun (Jack Ma), Sequoia Capital China Fund founder and executive partner Shen Nanpeng and the SOHO China couple founders Pan Shiyi and Zhang Xin.

Gates said the coalition would focus on angel investment to provide impetus for new clean energy technologies. Its investment field would cover power generation and power storage, transport, industry, agriculture, as well the improvement of energy systems efficiency.

In an interview with Xinhua at the opening of COP21, the international climate conference that began Monday, Gates said the Chinese government was one of the most active countries worldwide in investment in clean energy technologies.

China had showed a strong and significant desire to reduce local pollution in the past five years, he said, from reducing local pollution and carbon emissions to developing new clean energy technologies.

He emphasized it was "good news" for global climate change that China was paying attention to the development of clean energy technologies.

"Without the participant of the United States, China and India, it's impossible to achieve the ambitious goals in terms of reducing global warming," Gates said.

Gates also said it was impressive that currently, the Chinese government and all of society attached importance to environmental protection. Endit