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#Climate #Policy & Regulation #Energy
TechCrunch
TechCrunch
1d ago 2 views

Bill Gates’s old climate lobbyists launch a new firm

Former staffers from Bill Gates's Breakthrough Energy have established the Clean Economy Project to promote clean energy. This matters as it aims to accelerate the transition from fossil fuels to renewable energy sources.
Bill Gates’s old climate lobbyists launch a new firm
A What happened
The Clean Economy Project, founded by former staffers of Bill Gates's Breakthrough Energy, aims to advance clean energy initiatives following the disbandment of Breakthrough's energy policy team. The organization, which consists of ten members, is supported by over ten undisclosed funders, including philanthropists and venture capitalists. Its primary objectives are to expedite the development of energy projects, foster innovation to reduce costs, and mitigate risks associated with private investments in clean energy sectors. The establishment of this nonprofit comes after Gates's decision to cut the lobbying group due to perceived challenges in influencing the Trump administration's energy policies.

Key insights

  • 1

    New Nonprofit Emerges

    Clean Economy Project aims to promote clean energy.

  • 2

    Former Breakthrough Energy Staff

    The team consists of ex-employees from Gates's organization.

  • 3

    Focus on Innovation

    The organization seeks to lower costs and accelerate project development.

Takeaways

The Clean Economy Project represents a strategic shift in promoting clean energy, leveraging the expertise of former Breakthrough Energy staff to drive innovation and investment in the sector.