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January 14, 2022 02:00 pm

Bill Gates climate fund looks to funnel billions into carbon removal, green hydrogen, and more

Founder of Microsoft and chairman of Breakthrough Energy Ventures, to establish the Breakthrough Energy Europe investment fund, Bill Gates looks on during a press conference at the EU headquarters in Brussels on October 17, 2018. | Photo by JOHN THYS/AFP via Getty Images

Bill Gates’ climate investment fund is moving forward with plans to funnel billions of dollars into emerging green technologies. This week, the fund, Breakthrough Energy, put out a Request for Proposals for projects in Europe through Breakthrough Energy’s Catalyst program. It comes after the Catalyst program released its first RFP for similar projects in the US last month.

The Catalyst program, launched last June with the aim of enabling a zero-carbon economy through public-private partnerships, says it has fundraised $1.5 billion over the past six months and hopes to raise $3 billion by the middle of next year. It plans to use that money to boost four different kinds of technologies: green hydrogen fuels, sustainable aviation fuels,...

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