Bill Gates calls for creation of National Institutes of Energy Innovation to better address climate change

Wind power in Washington state. (GeekWire Photo / Kurt Schlosser)

In the midst of one global disaster, Bill Gates is thinking about how to prevent the next. And while the world clearly wasn’t prepared to deal with the COVID-19 pandemic, the Microsoft co-founder thinks there is one solution that could help address climate change.

In a new GatesNotes blog post on Thursday, the Microsoft co-founder is calling for a better national way to evaluate and nurture great ideas around clean energy research. Specifically, Gates would like to see the federal government create the National Institutes of Energy Innovation.

“This the most important thing the U.S. can do to lead the world in innovations that will solve climate change,” Gates said.

Rather than having research and ideas spread across departments such as Energy, Transportation, Defense and even NASA, Gates said the idea would follow the successful model demonstrated by the National

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Tech elites are making moves out of San Francisco as they rethink the area’s costs, political climate, and safety

Hello everyone! Welcome to this weekly roundup of Business Insider stories from co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.

Read on for more on the future of Silicon Valley, a private-equity titan’s relationship with a Texas investor embroiled in a political scandal, and the rise and fall of the world’s oldest advertising agency.

map: Samantha Lee/Business Insider

© Samantha Lee/Business Insider
Samantha Lee/Business Insider



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Tony Hsieh, the former CEO of shoes and clothes retailer Zappos, has died at age 46 following injuries sustained in a fire. 

Hsieh (pronounced shay) retired from Zappos in August after 20 years with the company, staying on long after he sold the company to Amazon for $1.2 billion in 2009. He was widely known for his efforts to regenerate the downtown Las Vegas area, and for his commitment to holacracy, a manager-free operating structure. 

Zappos’ current CEO,

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Facebook plans to woo Biden with vaccine, climate change features: FT

  • Facebook is building a strategy to help get on President-elect Joe Biden’s good side, company sources told the Financial Times.
  • Facebook is reportedly planning to crack down harder on COVID-19 misinformation, and is considering adding an information banner to its site encouraging users to get vaccinated.
  • Facebook is also reportedly looking at ways to encourage users to engage with content about the Paris Climate Agreement, which Biden has pledged to rejoin. The US left the agreement in November.
  • Facebook plans to make Nick Clegg its main point of contact with Washington, the FT reported. Clegg was deputy prime minister in Britain during Biden’s term as vice-president.
  • Visit Business Insider’s homepage for more stories.

Facebook is gearing up to woo President-elect Joe Biden by promoting vaccine and climate change information, according to a report from the Financial Times.

Citing anonymous company “insiders,” the FT reports Facebook is planning to crack down

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Jeff Bezos Will Give Grants Worth Nearly $800M To 16 Groups Fighting Climate Change


  • The list of grantees is a mix of labs, NGOs, climate activist groups
  • Amazon employees have called on the company to tackle climate change
  • Amazon’s Climate Pledge is to be 100% powered by renewable energy by 2025

Amazon founder Jeff Bezos has committed to giving grants worth $791 million to 16 organizations that work towards protecting the environment, as part of his Bezos Earth Fund.

In an Instagram post on Monday, Bezos said he is inspired by these organizations’ efforts to save the environment and wants to help them scale. This is part of the Amazon founder’s $10 billion pledge to promote scientists, NGOs and organizations invested in climate change.

“I have spent the past several months learning from a group of incredibly smart people who have made it their life’s work to fight climate change and its impact on communities around the world,” Bezos’ Instagram post read.

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Jeff Bezos announces nearly $800 million in grants to 16 groups fighting climate change

Jeff Bezos standing in front of a television screen: Jeff Bezos has pledged $10 billion to support organizations and scientists working to protect the environment.

© Andrew Harrer/Bloomberg/Getty Images
Jeff Bezos has pledged $10 billion to support organizations and scientists working to protect the environment.

Amazon founder Jeff Bezos announced Monday that he will give $791 million in grants as part of his Bezos Earth Fund to 16 organizations that are working to protect the environment.

The fund is part of the CEO’s $10 billion pledge to support scientists, activists, NGOs and organizations working to protect the environment.

“I’ve spent the past several months learning from a group of incredibly smart people who’ve made it their life’s work to fight climate change and its impact on communities around the world,” Bezos wrote in an Instagram post on Monday announcing the news. “I’m inspired by what they’re doing, and excited to help them scale.”

The full list of grantees are a mix of big name NGOs, labs, reforestation and climate justice groups.

They include: The

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Meet the 25 European startups fighting climate change

  • Throughout Europe, entrepreneurs and investors alike are taking steps to try and tackle the oncoming climate crisis. 
  • A number of venture capital firms on the continent – including Northzone and Earlybird – have introduced sustainability clauses in their term sheets. 
  • Business Insider asked early-stage, later-stage, and corporate backers across Europe to name the most impressive startups battling global warming. 
  • Visit Business Insider’s homepage for more stories.

Climate change is real and tech startups are trying to rise to the challenge of stopping it. 

Across Europe, investors and startups are making strides into more environmentally impactful projects. According to PwC, venture capital investment into “climate tech” grew at almost five times the rate of the overall global VC market between 2013 and 2019.

A number of venture capital funds in Europe, including Northzone, Earlybird, and HV Holtzbrinck Ventures, recently signed up to Berlin-based Leaders for Climate Action. The initiative sets out

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Development Banks Make Landmark Climate Pledge, but No Fossil Fuel Phase Out | Investing News

By Kate Abnett, Simon Jessop and Matthew Green

BRUSSELS/LONDON (Reuters) – The world’s public development banks on Wednesday pledged to align their financial firepower with the Paris Agreement on climate change, but avoided a firm commitment to phase out fossil fuel financing.

As a source of funding for many large infrastructure projects, including in the energy sector, public development institutions are key to efforts to steer finance away from fossil fuels and into low-carbon projects.

Together, such institutions invest around $2.3 trillion each year – equivalent to 10% of all global investments from public and private sources.

At a green finance summit organised by the French government, the world’s 450 public development banks said they would “increase the pace and coverage” of investment in renewable energy, energy efficiency and clean technologies.

However, the group stopped short of pledging to phase out fossil fuel investments, a step announced last week by

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