Bill Gates said his climate investment fund will commit $1.5 billion for joint projects with the U.S. government if Congress enacts a program aimed at developing technologies that lower carbon emissions
. The Breakthrough projects, which would have to compete with other applicants for the funds, could include emissions-free fuel for planes and technology to suck carbon dioxide out of the air.
“Critical for all these climate technologies is to get the costs down and to be able to scale them up to a pretty gigantic level,” Mr. Gates said. “You’ll never get that scale up unless the government’s coming in with the right policies, and the right policy is exactly what’s in that infrastructure bill.”
Breakthrough will likely shift funding for the biggest projects to Europe and Asia instead if the package doesn’t become law, he added.
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