Obama and Bill Gates to Launch Clean Energy Initiative

By Colleen McCain Nelson, The Wall Street Journal.

PARIS—President Barack Obama and Microsoft co-founder Bill Gates will launch a multi-billion-dollar initiative Monday to accelerate clean-energy research and development as part of a global effort to fight climate change.

The announcement is timed to provide a jolt of momentum as world leaders gather in Paris for the start of a two-week summit focused on forging an international agreement to cut greenhouse-gas emissions. The president and Mr. Gates will join with other heads of state and investors to detail complementary public and private commitments to clean-energy innovation.

The goal, Obama administration officials said, is to speed the pace of progress on new technologies that will help curb emissions and limit the rise of global temperatures.