September 21, 2021

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The Gates Climate Fund is ready to make a substantial investment if the United States participates

The Gates Climate Fund is ready to make a substantial investment if the United States participates

Earlier this week, the Senate approved a plan to invest $ 1.2 trillion in infrastructure improvements. Of that amount, billions of dollars should be sent to the energy sector for programs to combat climate change. It must now be approved by the House of Representatives.

According to Gates, if the law is passed, the plan will not only reduce emissions of harmful substances. Moreover, the law will create many long-term jobs in different communities in the United States.

Ambitious plan

The ambitious plan, among other things, spends $ 550 billion on transportation infrastructure, public transportation, broadband internet and clean water. In addition, money will be spent on improving the electric charging infrastructure and other measures to combat climate change.

The Gates Climate Fund will spend $ 1.5 billion over three years with the goal of eliminating greenhouse gas emissions. These include plans to achieve cleaner aircraft and investments in technology for CO2 capture.

Gates called it “important” that the costs of climate technology be reduced to “enormous levels”. According to him, the latter can only be done with the right policy of the government.

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