The ambitious target comes as an indication that investments in the green transition will become increasingly profitable. A fund started by Bill Gates recently announced its intention to invest $1 billion into climate change technology in Europe. Elsewhere, the CEO of the world’s largest asset management fund Blackrock said ESG was a prerequisite to delivering value and growth.
Bill Gates
The Catalyst program will finance European projects and initiatives to reduce emissions in four areas which are notoriously hard to decarbonize: clean hydrogen, direct air capture, sustainable aviation fuel, and long duration energy storage.
Philanthropists collectively contribute billions of dollars to the development of the various COVID vaccines.