When people focus on changing the world’s energy systems to
eliminate carbon emissions, “the real question is what sort of premium cost is
there?” Gates said. By directing “significant resources” toward research, “I
get optimistic we can bring that premium down to zero and really solve the
problem.”
The investors will collaborate with 20 countries, including
the U.S. , India , Saudi
Arabia , China ,
Chile and the U.K. , 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.
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