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Bill Gates unveils $1B fund to invest in green tech

“I am optimistic. I think we will get the increased investments. If we come together, really realize what solves the problem, then we will make the breakthroughs,” Bill Gates said in a video posted on his blog in November 2015.

It appears Gates and 20 of his fellow investors are $1 billion closer to those “breakthroughs” in green technologies.

The billionaire’s Breakthrough Energy Coalition unveiled Breakthrough Energy Ventures on Monday. It’s an over $1 billion fund to invest in new technologies that leave less of a carbon footprint.

The goal of the fund is to develop “affordable and reliable” ways of living that will emit nearly no greenhouse gases.