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ISSUE – Dec. 12 | Bill Gates and investors worth $170 billion are launching a fund to fight climate change through energy innovation

Bill Gates is leading a more than $1 billion fund focused on fighting climate change by investing in clean energy innovation. The Microsoft co-founder and his all-star line-up of fellow investors plan to announce tomorrow the Breakthrough Energy Ventures fund, which will begin making investments next year. The BEV fund, which has a 20-year duration, aims to invest in the commercialization of new technologies that reduce greenhouse-gas emissions in areas including electricity generation and storage, transportation, industrial processes, agriculture, and energy-system efficiency. [ Quartz ]

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