Bill Gates on His Climate Investments: The Early Winners and Long Shots

The Microsoft co-founder breaks down his climate investments

It is the blessing that can help determine a climate startup’s fate: backing from Bill Gates, one of the biggest investors in efforts to transform the world’s energy use.

Since 2015, Breakthrough Energy, the climate-investment firm founded by Gates, has lavished $2.2 billion on more than 160 startups and other initiatives, seeking both returns for investors and emissions reductions. He has also made investments separately outside the firm.

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