One of the results of the discussions at the climate conference in Paris was the organization of 28 billionaires who promised to direct resources to the development of technology to create clean energy. The members of the group pledge to invest 20 billion dollars from their own pockets
At the initiative of Bill Gates and out of the understanding of the limitations of governments, the "Breakthrough Energy Coalition" was organized. The economy is higher than that of governments. As you may remember, in recent times Bill Gates directed billions to research to find vaccines against malaria.
The challenge of developing energy sources is a significant factor for sub-Saharan Africans in areas where at least 40% of the residents have access to electricity. This lack harms the possibilities of industrial development, and places of employment, and condemns Africa to a constant state of "Sisyphean" persecution after attempts at growth and development.
Considering the financial and technological incapacity of many of the African governments, working in conjunction with the private sector becomes a necessity and thus Africa can become an experimental field for innovations, which will allow the pioneering initiative of Bill Gates an opportunity to overcome barriers and difficulties. There is no doubt that governments must play a role in creating an appropriate environment that will attract private sector investments and thus a combination of private investors and governments will lead to success.
Billionaires who are often slandered as greedy and greedy have shown that their wealth can be used to serve humanity, mainly by creating a sustainable future for the next generation. Rich people who initiate and carry out ventures relying on their wealth can easily overcome bureaucratic barriers and influence even beyond political borders.
The fortune of the 28 billionaires who incorporated in Paris and earned the nickname "philanthrocapitalists" is estimated at 350 billion dollars. These rich people come from the West and the East, from the developed and developing world, Americans, Indians, Chinese, Nigerians, South Africans and princes from the Gulf,
Everyone came together with the intention of using their wealth and investing in order to create a blueprint different from that of the industrial revolution to create a "sustainable future driven by clean technology",
In order to mitigate the effect of warming, the group will work with 19 governments from developed and developing countries that have joined the "Mission Innovation" with the intention of stimulating innovation that will lead to the creation of clean energy.
Among the countries that signed: Indonesia, India, Mexico, Brazil, Chile, China, the United Arab Emirates and more, but not a single African country. Considering the fact that among the members of the group there are also Africans and in the poor energy situation of many African countries it is not clear why none of the African countries joined the initiative, there is still time and it is hoped that the situation will change and African countries will join the blessed initiative. Maybe the billionaires will be able to do what has so far failed.
