Technology giant Bill Gates will unveil the world’s largest clean energy research and development partnership on Monday, joining in Paris with other billionaires and world leaders, several sources told ClimateWire.
The multibillion-dollar announcement will come at the opening day of landmark U.N. climate change negotiations in the French capital, and is expected to inject significant momentum to the talks.
According to government and business officials knowledgeable about the announcement, a group of developing and developed countries — including the United States and India — will agree to double their research and development budgets for clean energy and form a coalition to conduct joint work.
Gates and other billionaires, meanwhile, will pledge a pool of money to assist the cooperative projects. The exact spending amount was unclear yesterday, but one source put it in the billions of dollars.
“This is the single biggest cooperative research and development partnership in history,” the source said.