Is Bill Gates’ Breakthrough Energy Coalition a Success for Green Energy?

by Deedee Chao

Right before the UN COP21 climate talks in Paris in December, Bill Gates announced the formation of the Breakthrough Energy Coalition, comprised of 28 billionaires that would commit to investing in clean energy technologies. While this looks like an important step forward for the future of green energy, critics have pointed out a number of issues with the Coalition. For example, Fortune’s Dan Primack calls the Coalition a “work in progress” as it lacks any investment fund professionals, pledges by the billionaires involved, or a decided financial structure [http://fortune.com/2015/12/01/bill-gates-clean-energy-plan-isnt-ready-for-primetime/]. Two months later, no hiring, pledges, or news of any sort has been revealed- and the lack of pledges could be a cause for concern, as some of the “investors” have no track record in supporting green energy or environmentalism of any kind. Continue reading