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Climate Change

Mitsubishi to pour $100m into Bill Gates-backed clean tech push

Trading house to become first Asian partner in Catalyst investment program

Microsoft co-founder Bill Gates speaks at the Munich Security Conference in February. (Nikkei montage)   © Reuters

TOKYO -- Mitsubishi Corp. will contribute $100 million to a program supported by Bill Gates that aims to accelerate the deployment of green innovations like hydrogen that are close to ready for market.

The Japanese trading house will be the first core Asian partner in the Breakthrough Energy Catalyst program, which invests in decarbonization technologies that have advanced beyond the initial development stage. The company is set to announce its participation as soon as Monday.

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