Gates to Announce Multibillion Dollar Clean-Energy Fund - Bloomberg Business

A big bet on the future of clean energy

"In making investments, the coalition will “take the risks that allow the early stage energy companies” to bring their ideas from the laboratory to the marketplace, according to an e-mailed statement from the White House on Sunday.
The investors will collaborate with 19 countries, from the U.S. to India, Saudi Arabia, China and Chile, which together make up 80 percent of global clean-energy research and development. In the public component of the plan, known as “Mission Innovation,” each nation has vowed to double their budget for the sector over the next five years."

Gates to Announce Multibillion Dollar Clean-Energy Fund - Bloomberg Business