Obama and Bill Gates tout plans to double clean energy research spending
President Barack Obama today announced that the U.S. is joining 19 other countries and 28 leading technology innovators to double funding and other resources for clean energy research and development.
The multinational program, known as "Mission Innovation," was announced at the United Nations Climate Summit in Paris.
Along with public funding, the high-profile investors -- known as the Breakthrough Energy Coalition -- also plan to provide money for the development of zero-emission energy technology. The group, being lead by Microsoft co-founder and philanthropist Bill Gates, includes Salesforce.com founder and CEO Marc Benioff, Amazon founder and CEO Jeff Bezos, Virgin Group founder Richard Branson and LinkedIn founder Reid Hoffman.
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