Big brands will have to put their money where there mouth is on carbon commitments, though, and the EU will have to put its shoulder to the wheel, particularly in respect of the commonly-heard call to dispense with red tape. The prize could be a call for 280 GW more renewables capacity by 2030.
Bill Gates and Breakthrough Energy see enhanced transmission as facilitating electrification and grid reliability. Increasing transmission development at the “seams” between regions could save consumers more than $47 billion and return more than $2.50 on every dollar invested.
If plans are realized, the private-public investment vehicle will start investing in companies with green-tech innovations. The fund would be used to pursue technologies which could help the decarbonization of the economy but which have not received enough attention.
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