In their annual report for this year, the Bill and Melinda Gates foundation leaders have cited that the world is doing better and with improving education and knowledge to mitigate climate change.
Microsoft Mogul Bill Gates and his wife Melinda Gates say that they invest much, for example an estimated $500million in funding the education of American children, to entice a world of knowledge and skills based economy much as they do is supporting development in other parts of the world.
Their foundation donates $4 billion dollars in supporting developing countries including many on the African continent which are engaged in Information Computer Technology or ICT , Information Technology or IT and other developments.
The foundation has spent $15.3 billion on vaccines in the last 18 years which they say has improved immunization, reduced infant mortality from almost 10 million in 2000 to 5 million last year.
“All the evidence, including our personal experience, suggests that education is the key to opportunity. By 2020, two-thirds of American jobs will require post-high school education or training. Since millions of American students don’t get a high-quality education, that’s the issue we’ve been focused in 18 years. Our goal is for all students to go to a school that prepares them to pursue their dreams,” she notes.
Bill notes they made education the focus of their work in the United States because it is the key to a prosperous future, for individuals and the country.
” In philanthropy, you look for problems that can’t be fixed by the market or governments. The clean-energy problem can be fixed by both—as long as governments fund basic research and create incentives to reduce greenhouse gas emissions and investors are patient while companies turn that research into marketable products. That’s why I’m working on it personally rather than through our foundation.”
Twenty-three countries have committed to doubling their investments in clean-energy research by 2020.
His Breakthrough Energy Ventures (BEV), a private investment fund I am involved with, now has more than $1 billion from a variety of investors and will fund companies in several areas (such as grid-scale storage and geothermal power) that are ripe for innovation.