Commission, Breakthrough Energy Catalyst and European Investment Bank advance climate technology partnership
At the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP26), which is being held in Glasgow, the President of the European Commission, Ms Ursula von der Leyen, and the founder of Breakthrough Energy, Mr. Bill Gates, along with the President of the European Investment Bank, Mr. Werner Hoyer, have officially entered into a groundbreaking partnership that will boost investment in critical climate technologies. The signing of the Memorandum of Understanding today follows on from the initial announcement made last June at the Ministerial Meeting of the Innovation Mission. The partnership between the Commission, the European Investment Bank and Breakthrough Energy Catalyst will mobilize up to € 820 million ($ 1 billion) between 2022 and 2026 to accelerate the deployment and commercialization of innovative technologies that will contribute to achieving the objectives of the Green Deal for Europe and the EU's climate objectives for 2030. Each eur...