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The world can’t tackle the climate crisis without new technologies

By Akshat Rathi and Oscar Boyd

29 Sep 2022 · 3 min read

Editor's Note

In this exclusive Bloomberg interview with Bill Gates, he argues that without disruptive innovation the climate crisis will not be solved. Find out why, here.

With a possible recession looming, Bill Gates is preparing to raise a new fund for Breakthrough Energy Ventures (BEV) to back innovative climate startups, on the heels of two billion-dollar funds that have together helped finance roughly 100 companies.

“Even as the ebullience in investing in tech and climate companies is down a bit, I still think we'll be able to raise the money,” Gates said on the latest episode of Bloomberg Green’s podcast, Zero. “It's not quite as easy as it was, say six months ago, but we're looking at a new round for the startups and a pool under Breakthrough Energy Management that does later-stage investing.”

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