{"id":6258,"date":"2015-11-29T12:06:53","date_gmt":"2015-11-29T12:06:53","guid":{"rendered":"http:\/\/english.thesunrisetoday.com\/?p=6258"},"modified":"2015-11-29T12:06:53","modified_gmt":"2015-11-29T12:06:53","slug":"gates-to-start-multi-billion-dollar-clean-tech-initiative","status":"publish","type":"post","link":"https:\/\/english.thesunrisetoday.com\/index.php\/gates-to-start-multi-billion-dollar-clean-tech-initiative\/","title":{"rendered":"Gates to start multi-billion-dollar clean tech initiative"},"content":{"rendered":"

\"Bill<\/a>Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative with heads of state on Monday, the opening day of the UN climate change summit in Paris, the French government said.
\nGates and a group of developing and developed countries will launch the Clean Tech Initiative, in which countries will commit to doubling their clean energy technology research and development budgets by 2020 and private investors will boost their own investments in the sector.
\nAccess 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 at the 21st UN Conference of the Parties summit.
\nFrance, the United States, India, South Korea, Indonesia, Saudi Arabia, Australia, Canada and Norway have said they will join, said a source close to the conference presidency.
\n\u00ecGates\u2019 announcement should prompt other countries to follow suit,\u201d the source said.
\nGates will join Indian Prime Minister Narendra Modi, US President Barack Obama and French President Francois Hollande to announce the initiative on the opening day of the two-week summit, according to an agenda released Friday.
\nFor India, the world\u2019s third largest greenhouse gas emitter, access to clean energy technology is at the core of its national strategy to combat climate change.
\nIndia has argued that developed countries need to help poorer countries gain access to renewable energy or zero-emission technologies by helping reduce costs and removing barriers such as intellectual property rights.
\nOn the sidelines of the UN General Assembly in September, Gates attended a bilateral meeting focused on climate change between Hollande and Modi.
\nThe French presidency source said India will be one of the founding beneficiaries of the new initiative.
\n\u00ecThis is one of the main points of the negotiation: how to improve clean technologies and give the poorest countries access to these technologies,\u201d the source said.
\nThis summer Gates pledged $2 billion of his personal wealth over the next five years to \u201cbend the curve\u201d on climate change.
\nIn a blog post in July, he said more breakthrough technologies are needed to combat climate change and that current technologies reduce emissions at a cost that his \u201cbeyond astronomical.\u201d
\nHe said accelerating government funding for clean energy research and development is crucial to attracting private investment.<\/p>\n

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