Bill Gates wants to participate in the large climate infrastructure of Congress

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A bilateral infrastructure agreement could open up new private funding for climate technologyand Bill Gates wants to get involved. The Gates Climate Investment Fund says if the infrastructure bill moves forward, it will respond $ 1.5 billion in government funds and use them to fund projects that develop green technology.

Gates ’climate fund, Breakthrough Energy, proposed four different uses for the money: the development of green hydrogen fuels, sustainable aviation fuels, energy storage, and technologies to remove carbon dioxide. It said on Twitter that the money could “speed up” commercial demonstration projects across the United States.

“For all of these climate technologies, it’s critical to get costs down and be able to scale them to a pretty gigantic level,” Gates said. The Wall Street Journal, which was the first to report. “You’ll never get this scale bigger unless the government gets involved in the right practices, and the right policy is exactly what’s on the infrastructure bill.”

Funding depends on whether the bilateral infrastructure package will eventually become law. The bill has yet to pass parliament after it was passed by the Senate earlier this week. The package includes $ 25 billion for the Department of Energy for public-private partnerships, Wall Street Journal reports. If the law becomes law, Breakthrough Energy can apply for similar funds. If the decline fails, Breakthrough Energy could direct $ 1.5 billion to projects in Europe and Asia, The Wall Street Journal says.

Breakthrough Energy tweeted that it wants to work with the energy department to get up to $ 15 billion in investment in technologies that could help the U.S. reduce its carbon footprint to zero.

Energy Minister Jennifer Granholm received the news enthusiastically this morning. “Welcome news! This shows that the private sector is ready to respond to the call to combat #climate crisis“, Granholm has tweeted.

The Biden administration has promised to get the United States on track to achieve zero greenhouse gas emissions by 2050. Leading climate scientists are found that achieving this goal globally could prevent the worst effects of climate change.

To achieve zero-zero, economies need to drastically reduce climate pollution from burning fossil fuels. All remaining CO2 emissions must be drawn into natural carbon sinks, such as forests, or captured using an ever-evolving technology package that peels it off the flue gases or pulls it out of the air.

Both Breakthrough Energy and the Biden administration have prioritized the development of so-called “direct air capture technology.” The infrastructure package includes $ 3.5 billion for four proposed regional centers across the United States, each with the potential to capture at least one million tons of carbon dioxide annually (approximately 120,000 U.S. homes could generate their energy consumption annually). The bill has billions more funding a new pipeline network and stored carbon dioxide.

There is still $ 8 billion to be developed in the two-party infrastructure package four regional concentrations for “pure hydrogen” another focus of breakthrough energy work. Hydrogen fuel releases water instead of greenhouse gases when burned and has been proposed as an alternative fuel for, for example, aviation and maritime transport, which are difficult to electrify.

There is one big caveat: the production of conventional hydrogen fuel actually releases a lot of carbon dioxide because it involves the reaction of steam with fossil fuel – typically gas – to separate hydrogen. Breakthrough Energy’s catalyst program, which provides the proposed $ 1.5 billion, also focuses on the development of “green” hydrogen, which is produced using renewable energy for water distribution (electrolysis). There is also “blue” hydrogen, which is based on a technology to capture carbon dioxide from fossil fuels in fuel fabrication.

All of these technologies are still in their infancy, which is why they require large investments to expand. It is worrying among some progressive advocates of climate change who have called for climate strategies based on carbon capture, “dangerous interference“Efforts to end the use of fossil fuels altogether. Breakthrough Energy did not immediately respond to the request for comment Limit.

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