Zuckerberg and Gates have teamed up in what is one of the most ambitious projects during their philanthropic careers, The Breakthrough Energy Coalition
Zuckerberg stated on announcing the Coalition
“Solving the clean energy problem is an essential part of building a better world. We won’t be able to make meaningful progress on other challenges — like educating or connecting the world — without secure energy and a stable climate. Yet progress towards a sustainable energy system is too slow, and the current system doesn’t encourage the kind of innovation that will get us there faster.”
What Does This Mean For Clean Energy In 2016?
Both Gates and Zuckerberg have been aware of the need to develop and deploy “groundbreaking technologies” to combat the changes in climate. The Breakthrough Energy Coalition will bring together both the private and public sectors, which have a bigger impact than the measures already taken.
The Coalition will attract Investment from the world’s wealthiest entrepreneurs and investors due to competition, or, being socially conscious. These investors will also certainly be motivated partly by the possibility of making big returns over the long-term.
The Coalition Will also Bring Together The Private And Public Sectors For R&D
The “current governmental funding levels for clean energy are simply insufficient to meet the challenges , therefore the skills and resources of leading investors with experience in driving innovation from the lab to the marketplace is critical. The private sector knows how to build companies, evaluate the potential for success, and take the risks that lead to taking innovative ideas and bringing them to the world.”
Hopefully this will mean an acceleration towards more sustainable energy options.. The world needs widely available energy that is reliable, affordable and does not produce carbon
