{"id":48522,"date":"2015-06-30T10:27:57","date_gmt":"2015-06-30T14:27:57","guid":{"rendered":"http:\/\/therationalprogressive.com\/cms\/?p=48522"},"modified":"2015-06-30T10:27:57","modified_gmt":"2015-06-30T14:27:57","slug":"gates-to-double-investment-in-renewable-energy-projects","status":"publish","type":"post","link":"http:\/\/therationalprogressive.com\/cms\/2015\/06\/gates-to-double-investment-in-renewable-energy-projects\/","title":{"rendered":"Gates to double investment in renewable energy projects"},"content":{"rendered":"<blockquote><p><a href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/4f66ff5c-1a47-11e5-a130-2e7db721f996.html?siteedition=uk#axzz3eYULo9ME\"><img decoding=\"async\" loading=\"lazy\" class=\"  aligncenter\" src=\"http:\/\/im.ft-static.com\/content\/images\/8108272d-8238-463f-8442-dbbe6b587422.img\" alt=\"\" width=\"513\" height=\"289\" \/><\/a><\/p>\n<p>Bill Gates is planning to double his personal investment in innovative green technologies to $2bn over the next five years in an attempt to \u201cbend the curve\u201d in combating climate change.<\/p>\n<p>The billionaire philanthropist said he had already invested about $1bn in dozens of early stage companies \u2014 including battery storage, next-generation nuclear and free air carbon capture \u2014 hoping they would develop \u201cbreakthrough\u201d technologies.<\/p>\n<p>Mr Gates, who is listed by Forbes as the world\u2019s richest person with a net worth of almost $80bn, said he had invested directly in about 15 companies and indirectly in another 30, via venture capital funds, Khosla Ventures and Kleiner Perkins. \u201cOver the next five years, there\u2019s a good chance that will double,\u201d he said in an interview with the Financial Times.<\/p>\n<p data-track-pos=\"0\">The co-founder of Microsoft said it was \u201cfantastic\u201d that the UN, national governments, and environmental campaigners had raised <a title=\"In depth: Climate change\" href=\"http:\/\/www.ft.com\/intl\/in-depth\/climate-change\">awareness of climate change<\/a> and were taking steps to counter it. However, he argued that <a title=\"Martin Wolf: A moonshot to save a warming planet\" href=\"http:\/\/www.ft.com\/intl\/cms\/s\/0\/ffc2b8ae-166f-11e5-b07f-00144feabdc0.html#axzz3e56RW2mc\">current technologies could only reduce global CO2 emissions<\/a> at a \u201cbeyond astronomical\u201d economic cost. \u201cThe only way you can get to the very positive scenario is by great innovation,\u201d he said. \u201cInnovation really does bend the curve.\u201d<\/p>\n<p>Mr Gates urged governments to switch more resources from subsidising renewable energy into basic research. At present, government subsidies amounted to more than $100bn with only $6bn a year being invested in renewable energy R&amp;D, he said. \u201cMost of the people you talk to would say that we should double or triple the amount of renewables R&amp;D.\u201d<\/p><\/blockquote>\n<p>Read Full Article: <em><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/4f66ff5c-1a47-11e5-a130-2e7db721f996.html\" target=\"_blank\">Gates to double investment in renewable energy projects &#8211; FT.com<\/a><\/em><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bill Gates is planning to double his personal investment in innovative green technologies to $2bn over the next five years in an attempt to \u201cbend the curve\u201d in combating climate change. The billionaire philanthropist said he had already invested about $1bn in dozens of early stage companies \u2014 including battery storage, next-generation nuclear and free&#8230;<\/p>\n","protected":false},"author":2,"featured_media":48524,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[111,22],"tags":[1878,1977,959,1037],"_links":{"self":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/48522"}],"collection":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/comments?post=48522"}],"version-history":[{"count":2,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/48522\/revisions"}],"predecessor-version":[{"id":48525,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/posts\/48522\/revisions\/48525"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/media\/48524"}],"wp:attachment":[{"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/media?parent=48522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/categories?post=48522"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/therationalprogressive.com\/cms\/wp-json\/wp\/v2\/tags?post=48522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}