Jack Ma among billionaires funding new clean energy push

Jack Ma was among a host of billionaires including Mukesh Ambani, Bill Gates and Jeff Bezos who have joined together to put billions toward developing clean energy, The Financial Times reported. The initiative includes US $10 billion of new spending commitments from 20 governments – among them the US, China, India and Brazil – and was unveiled at the start of talks in Paris on Monday to create the first new global climate accord in 18 years. The billionaires are vowing to build on government research with their own capital to help commercialize low-emission technology, bridging what they call a “near impassable valley of death” between promising concepts and viable products.