EU & Bill Gates join up to support clean tech in Europe: A new “pioneering” alliance has been reported between the European Commission & Breakthrough Energy Catalyst, supported by Bill Gates, to increase investments in clean technologies for low carbon businesses.

They hope to rally new investments of as much as €820 million (£708m) between 2022 & 2026 to set up large-scale, commercial demonstration programmes for clean technologies, helping reduce their costs, increase their deployment and distribute important reductions in carbon emissions.

The partnership plans to invest in highly effective EU-based projects primarily in 4 sectors: green hydrogen, sustainable aviation fuels, direct air capture & long duration energy storage.

Ursula von der Leyen, President of the European Commission stated: “With our European Green Deal, Europe wants to become the first climate neutral continent by 2050. And Europe has also the great opportunity to become the continent of climate innovation.

“For this, the European Commission will mobilise massive investments in new and transforming industries over the next decade. This is why I’m glad to join forces with Breakthrough Energy. Our partnership will support EU businesses and innovators to reap the benefits of emission-reducing technologies and create the jobs of tomorrow.”

The alliance will choose technologies with a identified capability to lower greenhouse gas emissions but which are presently too expensive to get to scale & contend with fossil fuel-based required technologies.

Bill Gates, Founder of Breakthrough Energy stated: “Decarbonising the global economy is the greatest opportunity for innovation the world has ever seen. Europe will play a critical role, having demonstrated an early and consistent commitment to climate and longstanding leadership in science, engineering and technology.

“Through this partnership, Europe will lay solid ground for a net-zero future in which clean technologies are reliable, available and affordable for all.”

EU & Bill Gates join up to support clean tech in Europe


, , , , , , , , , , ,
Previous Post
Peterborough gas site sold by Centrica for £20m
Next Post
Are adults doing enough for pollution?

Related Posts

UK offers Malaysian firms £2.5m for energy & climate plan

UK offers Malaysian firms £2.5m for energy & climate plan: The British High Commission has announced a £2.5 million grant for businesses in Malaysia to back projects concentrated on green finance, energy & climate action enabling environment (CAEE). The announcement for project proposals has been started under the UK Partnering for Accelerated Climate Transitions (UK…
Read More

Try electric then GO ELECTRIC

Try electric then GO ELECTRIC A brand new £2.3 million scheme has been put in place in Coventry, that will allow businesses to try electric vehicles (EVs) for a period of up to two month for free, to hopefully encourage them to make the change. The new initiative, which is part of a partnership between…
Read More

Subscribe to our newsletter!

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

British Utilities will use the information you provide on this form to be in touch with you and to provide updates and marketing.