Bill Gates in Berlin , Germany. Photo: Inga Kjer/Photothek via Getty Images

A clean-energy venture fund led by Bill Gates is forging a new partnership with the European Commission, the billionaire and Microsoft co-founder announced today.

Why it matters: Gates’ move is the latest sign of how private citizens, companies and other countries are trying to move forward on addressing climate change, despite President Trump’s retreat on the issue.

The details: Breakthrough Energy Ventures, a $1 billion fund created in 2015 by Gates and other billionaires, is creating a joint investment vehicle called Breakthrough Energy Europe.

  • The fund, which will be worth a total of €100 (roughly $115) million, will invest in European companies working to cut greenhouse gas emissions.
  • Half the money will come from the European Commission and the other from the Breakthrough Energy Ventures.

In a blog post accompanying his announcement, Gates said he would be writing more over the next year about what he calls the five grand challenges of addressing climate change, including under-focused areas such as agriculture and manufacturing.

Go deeper:

  • Quartz’ Akshat Rathi runs down the companies the Gates-led fund has recently announced it’s funding.
  • On Tuesday, Gates signed onto a separate new commission led by former United Nations Secretary General Ban Ki-moon, World Bank Chief Executive Kristalina Georgieva, raising awareness about adapting to climate change, per this Bloomberg article. Many parts of the world are already experiencing the impacts of a warmer world--and that will continue and increase even if emissions drop suddenly.

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 6:30 a.m. ET: 30,199,007 — Total deaths: 946,490— Total recoveries: 20,544, 967Map
  2. U.S.: Total confirmed cases as of 6:30 a.m. ET: 6,675,593 — Total deaths: 197,644 — Total recoveries: 2,540,334 — Total tests: 90,710,730Map
  3. Politics: Former Pence aide says she plans to vote for Joe Biden, accusing Trump of costing lives in his coronavirus response.
  4. Health: Pew: 49% of Americans wouldn't get COVID-19 vaccine if available today Pandemic may cause cancer uptick The risks of moving too fast on a vaccine — COVID-19 racial disparities extend to health coverage losses.
  5. Business: Retail sales return to pre-coronavirus trend.
Mike Allen, author of AM
2 hours ago - Politics & Policy

Scoop: Mike Bloomberg's anti-chaos theory

CNN's Anderson Cooper questions Joe Biden last night at a drive-in town hall in Moosic, Pa., outside Scranton. Photo: CNN

Mike Bloomberg's $100 million Florida blitz begins today and will continue "wall to wall" in all 10 TV markets through Election Day, advisers tell me.

Why it matters: Bloomberg thinks that Joe Biden putting away Florida is the most feasible way to head off the national chaos we could have if the outcome of Trump v. Biden remained uncertain long after Election Day.

Biden's hardline Russia reset

Photo Illustration: Eniola Odetunde/Axios. Getty Images photos: Mark Reinstein

When he talks about Russia, Joe Biden has sounded like Ronald Reagan all summer, setting up a potential Day 1 confrontation with Russian President Vladimir Putin if Biden were to win.

Why it matters: Biden has promised a forceful response against Russia for both election interference and alleged bounty payments to target American troops in Afghanistan. But being tougher than President Trump could be the easy part. The risk is overdoing it and making diplomacy impossible.