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Bill Gates helps start $1 billion fund for energy research

Gates, along with others, is putting money toward the advancement of breakthroughs in energy research.


Breakthrough Energy Ventures, backed in part by Microsoft co-founder Bill Gates, will put $1 billion toward energy research.

Chesnot, Getty Images

With the future of climate-change research uncertain under a Trump administration, Bill Gates and other wealthy business and tech leaders are putting up money to make it a bit less shaky.

Microsoft's co-founder, among other big names in the tech industry like Jeff Bezos, Mark Zuckerberg and Marc Benioff, started the Breakthrough Energy Coalition last year. The coalition seeks to support clean energy research and development. On Monday, the group launched a 20-year, $1 billion investment fund called Breakthrough Energy Ventures.

"Breakthrough Energy Ventures, an investor-led fund, will finance emerging energy breakthroughs that can deliver affordable and reliable zero carbon emissions," the coalition said in a statement.

President-elect Donald Trump has named a climate-change denier to head the Environmental Protection Agency and told Fox News on Sunday that "nobody really knows" if climate change is real -- despite overwhelming scientific agreement to the contrary.