basically a combination of public and private. So you've got Bill Gates, Jack Ma, *Septurn and Zuckerberg

they've got a two billion dollar fund and in fact what they are trying to do, very sort of innovative, taking risks, almost like a silicon valley startup.

And alongside that, you've got twenty or so governments, uh, promising to double ware mores traditional, much larger R&D budgets, so again, to clean energy.

So you've got a lot of big names here, a lot of buzz, but how big is the actual commitment?

So it's two billion, and Bill Gates they say, hey, I'm going to put up a billion dollars on my own money and so two billions were on the biggest funds of such sort of research ever.

But then you kind of draw back and look at those billionaires if you look at Bezos, you look at Zuckerburg, and you look at Gates together

I'll tell that was about two hundred billion dollars so you're looking at totally one percent to that, but I mean you know that it is absolutely a massive number.

David, what do you make at this? -Well, for one thing, I think the name is interesting, the breakthrough, uh, were because in fact this is the name of exact enterprise that

Zuckerberg and marimuner and

have together for science, so implies to me that Zuckerberg might have a little bigger role in this than has been generally discussed.

I don't know what kind of scale of contribution he's making to it but I suspected that it is very large

I mean, I do think these people really care about energy but it also really surprises me what a wide range of people are involved.

There's a bunch of hedge fund billionaires, there's George Soros, Jack Ma from China,

you know, it's really an interesting group. I've never seeing this group come together for anything,

I think it makes a really strong statement that's desperately needed because let's face it

we are in a deep problem with climate change and what I didn't say the word I almost say after deep.

But anyway, it is really a problem we gotta do something about it.

All that know what is the approach for the coalition and how do we know they are actually going to make progress on?

Well, that's the big question. I guess I think sort of what I feel really sure is that as David just said,

just the quality of the people involved in this thing and Gates assuming really pushing it forward

I mean not today's conference he was giving his speech and next to him is Obama, Modi, Presendent Hollande in France.

But what is the action of the approach?

So basically, for the fund itself they are going to tie up in University of California, and really I mean, today's the first day got announce,

so it's not really clear but one suspects that you know taking their knowledge to from tech startups

so just trying look for, very risk taking and in some cases, I think some of the billionaires are going to invest individually

so they can, hey, just a few years long enough time for us to make a profit on this.

Alright. - Yeah.