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Microsoft cofounder Bill Gates is going to reduce the cost of clean technologies in four sectors — green hydrogen, direct air capture, sustainable aviation fuel and long duration energy storage
How? By asking money from corporations because, apparently, he doesn’t have enough. He secured more than $1 billion from seven U.S. companies — American Airlines, ArcelorMittal, Bank of America, The BlackRock Foundation, Boston Consulting Group, General Motors and Microsoft.
They are going to do this through the Breakthrough Energy Catalyst, a program focused on developing green technologies.
The funds will be used to make eco-friendly technologies more affordable to help build a net-zero economy by 2050.
Gates said and I quote, “Avoiding a climate disaster will require a new industrial revolution. Half the technology needed to get to zero emissions either doesn’t exist yet or is too expensive for much of the world to afford.
Aside from Biden’s infrastructure program, this is the biggest development related to our drive to move towards renewable energy. The pledge was made under the condition the Congress passes the infrastructure bill that would provide public funding for clean technologies.
The fusion of government regulations and efforts with private sector move would push the transition further and faster.
This is good news for precious metals investors. This will increase the demand for silver, the primary material needed to create any kind of solar panel and many other equipment and parts needed to eliminate fossil fuels.
Gold, on the other hand, is required for any computer system needed to make this whole thing run.
Gold and silver are hardly moving in terms of price and it’s inspiring people to speculate as to its future as a hedge. Developments like this are a strong case to prove that precious metals are only just getting started. From being primarily used for investing, it is starting to show its industrial utility.
So invest now before the bull run starts.
You can call us at (877) 646-5347 for a no pressure discussion. Again, that’s (877) 646-5347. Or you can just go to NobleGoldInvestments.com to download a free gold investment guide.
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