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COP21 Paris climate talks: billionaires join forces in energy push

Bill Gates has joined forces with Jeff Bezos, Jack Ma, Mukesh Ambani and…other billionaires in a push for…new private and public investment in “clean energy”. The initiative includes $10bn of new spending commitments from 20 governments…and will be unveiled at the start of talks in Paris on Monday to create the first new global climate accord in 18 years. The billionaires are vowing to build on government research with their own capital to help commercialise low-emission technology…Mr Gates, the philanthropist and Microsoft founder, noted that…“We need the basic research, but we have to pair that with people that are willing to fund high-risk, breakthrough energy companies…”… In addition to Mr Bezos of Amazon, Mr Ma, who built China’s Alibaba, and Mr Ambani, chairman of India’s Reliance Industries, the billionaires’ list includes Facebook’s Mark Zuckerberg, Ray Dalio of the Bridgewater hedge fund group, and Virgin Group’s Richard Branson.

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