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Bill Gates-Led Fund Invests in European Green Cement Maker

The industrial commodity used to make concrete is responsible for as much as 8% of global carbon emissions.

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Source: Ecocem

Breakthrough Energy Ventures, the $2 billion fund led by Bill Gates, has invested in a company that’s developing low-carbon cement.

Ecocem Materials Ltd., based in Ireland, is tackling a particularly intractable problem when it comes to lowering greenhouse gases emissions. Producing cement contributes as much as 8% of global carbon pollution. Manufacturing plants can last for five decades or more, meaning new technologies enter the market very slowly.