Bill Gates raises over $1 bn for clean energy through ’Catalyst’

The idea is to support the development of new energy solutions to combat climate change by bringing together the public and private sectors and funding the steps to commercialisation. Other companies are expected to join the initiative.

But it also plans to look at other innovations, to reduce the carbon impact of steel and cement, for example. "Catalyst is designed to change that and provide an effective way to invest in our clean technology future," added the Microsoft founder-turned-philanthropist.

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