The massive proposal still faces a very uncertain fate in the House.
, Gates said his climate-focused investment firm, Breakthrough Energy Ventures, could use the investment to fund projects aimed at lowering greenhouse-gas emissions over a period of three years.
The 65-year-old philanthropist said the infrastructure bill's $25 billion provision for climate-focused demonstration projects, which are small-scale projects used to"demonstrate" a technology's impact, are key to develop new technologies, test a project's viability and eventually drive down the market price of clean energy.
Gates said he would be"super disappointed" if the bill doesn't pass and warned large demonstration projects could then gain traction in Europe and Asia, which means the U.S. could lose out an"early lead" in the industry.about $73 billion to outfit the nation's power infrastructure with renewable energy and $21 billion to help clean up old industrial and energy sites.
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