EFE.- Microsoft co-founder Bill Gates announced Thursday that his climate investment fund will contribute 1.5 billion dollars to projects of the United States Government for the development of emission reduction technologies if the infrastructure plan promoted by the Joe Biden Administration is approved. .
That initiative of more than a trillion dollars, which has been approved by the Senate but is still pending the green light from the Lower House, includes a budget of about 25,000 million for the Department of Energy to promote public-private projects to combat global warming.
In an interview with The Wall Street Journal, Gates said that his Breakthrough Energy fund is ready to invest 1.5 billion there over the next three years in projects to reduce emissions.
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“It is key for all these climate technologies to reduce costs and be able to scale them to a fairly gigantic level,” said the billionaire, who defended that the policies included in the infrastructure plan are key to achieving this.
If the plan does not go ahead, he warned, Breakthrough Energy is likely to direct those investments to projects in Europe and Asia.
Gates trusted that his investment of 1.5 billion will attract other firms to raise up to 15 billion for different projects.
After months of negotiations between Democrats and Republicans, the infrastructure plan was approved this week in the Senate, but it has yet to go through the House of Representatives, where it has opposition from some Republicans – who consider excessive public spending – and some Democrats from the wing more progressive -which they see insufficient-.
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The package, which includes about $ 550 billion in new spending, is substantially less than the infrastructure plan initially presented by Biden last March of $ 2.25 trillion.
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