August 13, 2021
2 mins read

Bill Gates offers $1.5 billion for joint climate projects

A $1.2 trillion infrastructure package passed by the Senate this week would funnel billions of dollars to the Department of Energy for projects battling climate change….reports Asian Lite News

Microsoft co-founder Bill Gates said his climate fund would pour $1.5 billion into projects with the United States if the government enacts a program to cut carbon emissions currently working its way through Congress.

A $1.2 trillion infrastructure package passed by the Senate this week would funnel billions of dollars to the Department of Energy for projects battling climate change.

If the infrastructure package becomes law, “this collaboration will not only send us on a more durable path to net zero, but will create both immediate and long-term jobs in communities across the country,” Gates said in a statement published by CNBC.

By funding work on roads, bridges and ports, as well as clean water and high-speed internet, President Joe Biden said the bill — which still needs House approval — would create thousands of high-paying jobs for people without college degrees.

“This historic investment in infrastructure is what I believe you, the American people, want,” Biden said in a White House address.

Needing just a simple majority, the package passed by 69 votes to 30 with backing from a third of Republican Senators.

The measure now faces a make-or-break vote in the House of Representatives in coming weeks, where its future is less certain as divisions have sprung up in the Democratic majority.

The ambitious plan provides for $550 billion in new federal spending on transport infrastructure, and also for public transit, broadband internet and clean water, as well as electric charging stations and other measures to fight climate change.

A Gates fund run by his Breakthrough Energy company would spend the $1.5 billion over the course of three years with the goal of eliminating greenhouse gas emissions contributing to climate change, according to US media reports.

Projects could include airplanes that don’t spew pollution and technology for capturing carbon from 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,” Gates was quoted as telling the Wall Street Journal.

“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.”

ALSO READ: Thousands of Indian youth in big trouble in US

Previous Story

No vaccine to provide protection indefinitely: Fauci

Next Story

Captain Zoya Aggarwal igniting dreams of youth

Latest from -Top News

UK MPs Slam Pakistan Over Minority Abuses

Minority communities such as Shias, Christians, Hindus, and Ahmadis continue to face harassment, violence, and intimidation. In many cases, law enforcement either turns a blind eye or enables the attacks through inaction…reports

Words Won’t Stop China, Quad Must Deliver

 If the Quad aims to counterbalance China’s growing influence, it must expand its focus beyond the maritime domain and address the continental dynamics of the Indo-Pacific…writes Imran Khurshid Despite early concerns that

India Stays Neutral on Dalai Lama Succession

As exiled Tibetan spiritual leader approaches his 90th birthday, he asserted on Wednesday that there will be the 15th reincarnation…reports Asian Lite News Responding to the Dalai Lama’s recent remarks, India on

USAID cut could kill 14 million more deaths

Human rights advocates and global health experts have expressed alarm at the speed and scale of the cuts…reports Asian Lite News A new study published in The Lancet has warned that ongoing

Trump goes nuclear on Mamdani

Mamdani, a 33-year-old democratic socialist and son of Indian-Ugandan immigrants, secured a surprise victory over former governor Andrew Cuomo in the Democratic primary.;…reports Asian Lite News President Donald Trump has intensified his
Go toTop

Don't Miss

Trump refuses to depose before AG in NY

Since March 2019, Attorney General Letitia James’s office has investigated

Georgia appeals court pauses Trump’s election meddling case

Oral arguments are tentatively scheduled for October, which means that