No Result
View All Result
Monday, June 16, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Showbiz
    Kuberaa trailer

    Trailer of Dhanush, Nagarjuna, and Rashmika’s thriller ‘Kuberaa’ unveiled

    Traitors

    Karan Johar’s ‘Traitors’: Everything you need to know

    Rana Naidu Season 2

    Rana Naidu Season 2: Stream it or skip it?

    Ginny and Georgia

    Ginny and Georgia: Will there be a Season 4?

    Deemak

    Pakistani horror ‘Deemak’: Hit or flop?

    Samra Batool

    Bhakkar tragedy: TikToker Samra Batool shot dead in her home

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Showbiz
    Kuberaa trailer

    Trailer of Dhanush, Nagarjuna, and Rashmika’s thriller ‘Kuberaa’ unveiled

    Traitors

    Karan Johar’s ‘Traitors’: Everything you need to know

    Rana Naidu Season 2

    Rana Naidu Season 2: Stream it or skip it?

    Ginny and Georgia

    Ginny and Georgia: Will there be a Season 4?

    Deemak

    Pakistani horror ‘Deemak’: Hit or flop?

    Samra Batool

    Bhakkar tragedy: TikToker Samra Batool shot dead in her home

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home World

Bill Gates, EU pledge $1 billion boost for green technology

MM News Staff by MM News Staff
June 3, 2021
File photo

File photo

BRUSSELS: The European Union and an energy investment programme founded by Bill Gates plan to raise up to $1 billion to roll out the low-carbon technologies Europe is betting on to meet its climate change goals,

According to the European Commission, the partnership would see Gates-founded Breakthrough Energy use private capital and philanthropic funds to match funding provided by the EU. The aim is to together provide up to 820 million euros, or $1 billion, from 2022 to 2026.

Support will target hydrogen produced from renewable energy, sustainable aviation fuels, technology to suck CO2 out of the atmosphere, and long-duration energy storage, the Commission said.

Those technologies are seen as critical to slashing emissions from sectors like heavy industry and aviation, but remain too expensive to scale up without support and compete with cheaper fossil fuel alternatives.

“Decarbonising the global economy is the greatest opportunity for innovation the world has ever seen,” Gates said in a statement, adding that Europe will play a “critical” role thanks to its climate ambitions and leadership in science and technology.

“The world cannot wait for technologies to develop on their own,” the Commission said. The EU has committed to eliminate its net greenhouse gas emissions by 2050.

The investments will focus on building large-scale commercial demonstration projects to reduce the cost of the technologies.

They will comprise grants and other financial instruments, with the EU contribution coming from existing funds including the bloc’s budget and the EU Innovation Fund, consisting of cash from sales of permits in the bloc’s carbon market.

Tags: Bill gatesEUEuropean Union
ShareTweetSendShare
Previous Post

Pentagon chief, Saudi crown prince discuss regional security

Next Post

NASA missions to probe divergent fate of planet Venus

Related Stories

U.S. Air Force KC-135 Stratotankers (Image: militarywatchmagazine.com)
World

US deploys huge number of refueling tankers across the Atlantic

June 16, 2025
Blaise Metreweli
Top News

Who is Blaise Metreweli? First woman to lead British intelligence agency MI6

June 16, 2025
Rachel Reeves
Top News

UK may support Israel in Iran conflict, says Finance Minister Reeves

June 16, 2025
Image source: France 24
Top News

Iran launches biggest attack with 100 ballistic missiles, causing havoc in Israel

June 16, 2025
file photo
World

Trump rejects Israeli plan to target Ayatollah Ali Khamenei

June 16, 2025
Netherlands
Top News

Netherlands: Over a hundred thousand protest against Israel

June 16, 2025
People stand near a residential building that was hit following missile attack from Iran on Israel, at central Israel June 15, 2025. REUTERS/Tomer Appelbaum
Top News

Iran launches another wave of ballistic missiles at Israel, targets Netanyahu’s residence        

June 15, 2025
Image: Reuters
Trending

Dassault CEO Eric Trappier denies Pakistan’s claim of shooting down three Indian Rafale jets

June 15, 2025
World

Iran claims to have arrested two Mossad agents

June 15, 2025
A Welsh humanitarian nurse is seen pleading urgently with Egyptian guards at the Rafah crossing. He speaks not only as a medical professional, but as a witness to the humanitarian crisis unfolding in Gaza.
Top News

Watch: Welsh nurse begs Egyptian armed guards to let him feed Gaza’s starving children

June 15, 2025
Next Post
NASA Administrator Sen Bill Nelson announced two new missions to study the planet Venus. Source: NASA/Twitter

NASA missions to probe divergent fate of planet Venus

Trending Stories

State Bank extends last date for encashment, change of prize bonds
Top News

Rs200 prize bond draw results for June 2025 announced

by MM News Staff
June 16, 2025
File Photo
Prices

Peshawar BRT fares increased by Rs10

by MM News Staff
June 16, 2025
file image
Top News

PTI contacts PPP for joint strategy against budget in parliament

by MM News Staff
June 16, 2025
Kuberaa trailer
Film & TV

Trailer of Dhanush, Nagarjuna, and Rashmika’s thriller ‘Kuberaa’ unveiled

by MM News Staff
June 16, 2025
U.S. Air Force KC-135 Stratotankers (Image: militarywatchmagazine.com)
World

US deploys huge number of refueling tankers across the Atlantic

by MM News Staff
June 16, 2025

Opinion

munir ahmed oped
A Strategic Leap, Not Just A Flight
June 16, 2025
- Munir Ahmed
munir ahmed oped
Russia Day 2025
June 15, 2025
- Munir Ahmed
munir ahmed oped
The Israel-U.S. nexus for State Terrorism
June 14, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Weather Rain in Karachi
Top News

Showers Begin: Is Karachi set for more rainfall in the coming days?

by MM News Staff
June 16, 2025

Light rain and drizzle in various areas of Karachi on Sunday made the weather...

Rains

Met office forecasts rainfall with thunderstorms in Karachi tomorrow

June 15, 2025
Image: ET

Most parts of Pakistan to remain hot and dry today: PMD

June 15, 2025
file photo

Karachi to receive light rain on June 16, predicts PMD

June 14, 2025
See all

Prices

File Photo
Prices

Peshawar BRT fares increased by Rs10

by MM News Staff
June 16, 2025

The Khyber Pakhtunkhwa government has approved an increase in fares for the Bus Rapid...

file photo

Oil prices rise further in global market amid Iran-Israel conflict

June 16, 2025
representative image

Gold prices further surge in international market

June 16, 2025
file photo

Petrol price jacked up by Rs4.80, diesel by Rs7.95 per litre

June 16, 2025
See all

Transport News

File Photo
Prices

Peshawar BRT fares increased by Rs10

by MM News Staff
June 16, 2025

The Khyber Pakhtunkhwa government has approved an increase in fares for the Bus Rapid...

file photo

Driverless taxis to hit Dubai roads this year

June 15, 2025
File photo

PIA alters flight routes amid rising Iran-Israel tensions

June 13, 2025
Equipped with a 1,000W hub motor and advanced Graphene battery technology, the A11 delivers a reliable range of 65–80 km per charge while consuming just 1.56 electricity units. (Image: Provided)

‘A11’: Revoo Pakistan launches new electric scooter

June 13, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.