COP21 Paris climate talks: billionaires join forces in energy push
Bill Gates has joined forces with Jeff Bezos, Jack Ma, Mukesh Ambani andโฆother billionaires in a push forโฆnew private and public investment in โclean energyโ. The initiative includes $10bn of new spending commitments from 20 governmentsโฆand 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 technologyโฆMr Gates, the philanthropist and Microsoft founder, noted thatโฆโWe need the basic research, but we have to pair that with people that are willing to fund high-risk, breakthrough energy companiesโฆโโฆ In addition to Mr Bezos of Amazon, Mr Ma, who built Chinaโs Alibaba, and Mr Ambani, chairman of Indiaโs Reliance Industries, the billionairesโ list includes Facebookโs Mark Zuckerberg, Ray Dalio of the Bridgewater hedge fund group, and Virgin Groupโs Richard Branson.