Bill Gates will donate $ 1.5 billion to fight the climate crisis if the US passes Joe Biden's infrastructure law.

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source: www.eenews.net

Bill Gates will donate $ 1.5 billion to fight the climate crisis if the US passes Joe Biden's infrastructure law.

A Gates fund for the environment, managed by Breakthrough Energy, would invest $ 1.5 billion over three years to eliminate greenhouse gases that contribute to climate change.

The US president has already obtained the approval of the Senate, where several Republican legislators supported his initiative. Now the plan must be approved by the House of Representatives.

Microsoft co-founder Bill Gates announced Thursday that he would invest $ 1.5 billion in environmental projects with the United States government if a law to reduce greenhouse gas emissions is passed, currently in process in Congress.

The $ 1.2 trillion packages approved this week by the Senate include billions of dollars for the fight against climate change.

If the bill passes the House of Representatives, where it faces a difficult vote, "this collaboration will not only take us on a longer path toward a zero-emissions commitment but will create short- and long-term jobs in communities across the country. "Gates said, according to a statement released by CNBC.

President Joe Biden said the project would create thousands of high-paying jobs for people without college degrees by financing roads, bridges, and ports, as well as water treatment plants and high-speed internet. To do so, it will allocate 550,000 million dollars.

"This historic investment in infrastructure is what I think you Americans want," Biden said in a speech at the White House.

After its approval in the Senate, the bill depends on an uncertain vote in the House of Representatives, dividing the Democratic majority.

A Gates fund for the environment, managed by Breakthrough Energy, would invest $ 1.5 billion over three years to eliminate greenhouse gases that contribute to climate change.

The plan includes aircraft that do not pollute and have the technology to capture carbon in the air.

For that, "it is essential to be able to lower the cost and the scales of these technologies in a gigantic way," Gates told the Wall Street Journal.

"You will never achieve that scale unless the government adopts proper policies, and that is exactly what comes in the infrastructure law," Gates said.