The Financial Times reports that a “Bill Gates-backed private-public fund is preparing to invest in clean-tech projects worth as much as $15bn in the US, EU and UK, aiming to subsidise technologies at scale to help countries reach net-zero emissions” The newspaper adds: “Breakthrough Energy Catalyst, which has raised $1.5bn in private capital from philanthropies and companies, will invest in four key areas: direct air capture, green hydrogen, aviation fuel and energy storage technologies. BEC managing director Jonah Goldman told the Financial Times that the fund would mobilise as much as $15bn, or ten times the initial investment, by using innovative financial structures and partnership agreements.”

Guest post from Financial Times