Gates Offers $1.5 Bn In Climate Help If US Takes Legislative Action
Umer Jamshaid Published August 13, 2021 | 09:50 AM
San Francisco, (UrduPoint / Pakistan Point News - 13th Aug, 2021 ) :microsoft co-founder Bill Gates on Thursday said his climate fund would pour $1.5 billion into projects with the United States if the government enacts a program to cut carbon emissions currently working its way through Congress.
A $1.2 trillion infrastructure package passed by the US Senate this week would funnel billions of Dollars to the Department of Energy for projects battling climate change.
If the infrastructure package becomes law, "this collaboration will not only send us on a more durable path to net zero, but will create both immediate and long-term jobs in communities across the country," Gates said in a statement published by CNBC.
By funding work on roads, bridges and ports, as well as clean water and high-speed internet, US President Joe Biden said the bill -- which still needs House approval -- would create thousands of high-paying jobs for people without college degrees.
"This historic investment in infrastructure is what I believe you, the American people, want," Biden said in a White House address.
Needing just a simple majority, the package passed by 69 votes to 30 with backing from a third of Republican Senators.
The measure now faces a make-or-break vote in the House of Representatives in coming weeks, where its future is less certain as divisions have sprung up in the Democratic majority.
The ambitious plan provides for $550 billion in new Federal spending on transport infrastructure, and also for public transit, broadband internet and clean water, as well as electric charging stations and other measures to fight climate change.
A Gates fund run by his Breakthrough Energy company would spend the $1.5 billion over the course of three years with the goal of eliminating greenhouse gas emissions contributing to climate change, according to US media reports.
Projects could include airplanes that don't spew pollution and technology for capturing carbon from the air.
"Critical for all these climate technologies is to get the costs down and to be able to scale them up to a pretty gigantic level," Gates was quoted as telling the Wall Street Journal.
"You'll never get that scale up unless the government's coming in with the right policies, and the right policy is exactly what's in that infrastructure bill."
Related Topics
Recent Stories
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
Long-lost Klimt portrait auctioned off for 30 mn euros
Osaka seals first win on clay since 2022 in Madrid
Earthquake jolts Karachi
Sindh minister orders operation after attack on police in Ghotki
TikTok to fight US ban law in courts
More Stories From Miscellaneous
-
PDMA predicts gusty wind, rain with thunder, hails
1 day ago -
Iranian president Raisi given guard of honour at PM House
3 days ago -
Intellectuals, writers accolades Naseer Mirza on his literary contribution
3 days ago -
Bahawalpur Adabi Sangat hosts memorable mushaira
3 days ago -
Cattle farming vital to alleviate poverty in rural areas
3 days ago -
Pakistan: A land of tourism, archeological wonders
4 days ago
-
Transforming education sector: from job hunters to job creators
6 days ago -
Amjad Bobby remembered on 19th death anniversary for timeless contributions to music
10 days ago -
Legendary actor Nadeem’s 26 films released on Eid-ul-Fitr days in 50 years
10 days ago -
Besant Hall Cultural Centre to celebrate evening with Sanam Marvi on 26 April
11 days ago -
Radio Bahawalpur presents program “Eidi Shidi”
13 days ago -
Radio Bahawalpur to broadcast Eid programs
16 days ago