Breakthrough Energy Coalition

General

Name of initiative Breakthrough Energy Coalition
LPAA initiative Yes
NAZCA Initiative Yes
Website address http://www.b-t.energy/
Related initiatives
Starting year 2015
End year
Secretariat jonah.goldman@bgc3.com
Organisational structure It is a coalition of 32 individuals and one institution who together have decided to invest in clean energy according to a set of principles.
Geographical coverage Global
Name of lead organisation
Type of lead organisation
Location/Nationality of lead organisation

Description

Description Breakthrough Energy Coalition was announced at COP21 aiming at private sector engagement to accelerate the cycle of innovation through investment in early stage innovations. The initiatives groups private investors willing to put patient and flexible risk capital for new technologies, which may provide meaningful returns on investment in the long-haul. One year after the COP21 the Breakthrough Energy Fund was launched. This is a USD 1 billion fund provided by a partnership of 28 high net worth investors committed to fighting climate change by investing in clean energy innovation. Breakthrough Energy Fund is providing capital with a 20-year time horizon, but is looking for a return on its investment. The group is spearheaded by Bill Gates.
Objectives Not stated.
Activities They have divided the landscape into Grand Challenges in five fields that are the biggest contributors to global greenhouse gas emissions: electricity, transportation, agriculture, manufacturing and buildings. Within each of these Grand Challenges several Technical Quests have been identified, different areas where research and investment might bring us closer to an emission-free future.

Members of BEC have committed to invest more than $1 billion in Breakthrough Energy Ventures (BEV), an investor led fund that will finance emerging energy breakthroughs. The Landscape of Innovation is described in: http://www.b-t.energy/wp-content/uploads/2016/10/BreakthroughEnergyCoalition_Landscape.pdf

One or two success stories achieved

Monitoring and Impacts

Function of initiative Political dialogue
Activity of initiative Policy planning and recommendations
Indicators
Goals
Comments on indicators and goals
How will goals be achieved
Have you changed or strenghtened your goals
Progress towards the goals
How are you tracking progress of your initiative
Available reporting

Participants

Participants Number Names
Members 16  
Companies 14 African Rainbow Minerals (ARM),Breakthrough Energy Ventures (USA),Engie (France),General Electric (USA),Microsoft (USA),NationalGrid (United Kingdom),Oil and Gas Climate Initiative (United Kingdom),Prelude Ventures (USA),Reliances Industries Limited (India),SAP (Germany),Total (France),Virgin (United Kingdom),WHEATSHEAF (United Kingdom).
Business organisations 0
Research and educational organisations 1 University of California (USA)
Non-governmental organisations 0
National states 0
Governmental actors 0
Regional / state / county actors 0
City / municipal actors 0
Intergovernmental organisations 0
Financial Institutions 1 BNP Paribas (France)
Other members 0
Supporting partners 0
Number of members in the years
2018
17
Have only national states as participators No


Theme

Transport Agriculture Forestry Business Financial institutions Buildings Industry Waste Cities and subnational governments Short Term Pollutants International maritime transport Energy Supply Fluorinated gases Energy efficiency Renewable energy Supply chain emission reductions Adaptation Other Resilience Innovation Energy Access and Efficiency Private Finance
No No No No No No No No No No No No No No No No No No No Yes No Yes
Last update: 11 October 2019 13:24:43

Not only have national states as participators