Biofuels
Commission and Bill Gates launch €100 million #CleanEnergyFund
The Commission and Breakthrough Energy, led by Bill Gates, have launched a new investment fund – Breakthrough Energy Europe – to help innovative European companies develop and bring radically new clean energy technologies to the market. Research and Innovation Commissioner Moedas and Breakthrough Energy Ventures Chairman Bill Gates, will sign an official Memorandum of Understanding in the presence of Vice-President Maroš Šefčovič to establish the joint fund. With a capitalization of €100 million, Breakthrough Energy Europe will give a strong signal to markets and investors that the global transition to a modern clean economy is here to stay. With this initiative, the Commission takes action to continue leading in the fight against climate change and to deliver on the Paris Agreement. As our planet increasingly faces the unpredictable consequences of climate change and resource depletion, urgent action is needed to adapt to a more sustainable model and modernize Europe's economy and industry. The Commission is currently working on the long-term strategy for the reduction of greenhouse gases. The proposal will be published in November 2018, ahead of the COP24 in Katowice, Poland. A press release in all EU languages with more information will also be published here.
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