UN Climate Change Deal is a Transfer of Wealth from Public Treasuries [Funded by Income Taxes and a Future Carbon Tax] to "Private Investors" (the Power Elite) Through the Breakthrough Energy Coalition, the Emissions Innovation Program, and the Clean Tech Initiative Announced by Bill Gates on November 29, 2015

NOTE THAT GATES CLEARLY STATES THAT THE COALITION IS A GROUP OF "PRIVATE INVESTORS;" THEY ARE THE TINY ELITE THAT WILL PERSONALLY BENEFIT FROM A CARBON TAX WHICH WILL IMPACT ALMOST EVERY ASPECT OF OUR LIVES

“Only our governments have the mandate to protect the public interest as well as the resources and mechanisms to do this,” says a statement released early Monday in Paris by the private investors in the Breakthrough Energy Coalition. “However, current governmental funding levels for clean energy are simply insufficient to meet the challenges before us.” [Source, November 30, 2015]

After announcing the Mission Innovation program to convince nations to double their clean energy investment budgets, Bill Gates has launched another massive initiative at the United Nations Climate Change conference in Paris. The Breakthrough Energy Coalition is backed by a who's who of tech leaders, including Mark Zuckerberg, Jeff Bezos, Jack Ma and Richard Branson. The idea is to develop new green technology that will increase the world's energy output -- especially in poor countries -- without contributing to global warming. Such tech, however, poses a risk that regular investors might shy away from. "We need the basic research, but we need to pair that with people who are willing to fund high-risk, breakthrough energy companies," said Gates. [Source, November 30, 2015]

Microsoft co-founder Bill Gates is set to reveal a massive clean energy project on Monday, during the first day of the United Nations climate change summit in Paris. According to Reuters, which originally reported the news, the French government has confirmed that the ex-CEO-turned-philanthropist will launch the Clean Tech Initiative, a push to commit countries to double their budgets on clean energy tech research and developments by 2020. But Gates won't be working on this multibillion dollar fund alone: The US, Australia, Canada, France, India, Indonesia, Norway, Saudi Arabia and South Korea will all be backing the plan, a person familiar with the matter told Reuters. The Clean Tech Initiative is also said to involve private investors, such as Gates himself, where they're expected to boost their contributions to help the cause. [Source, November 27th 2015 ]

From The Associated Press on November 29, 2015:

A big sticking point at the climate talks in Paris will be money: how much rich countries should invest to help poor countries cope with climate change, how much should be invested in renewable energy, and how much traditional oil and gas producers stand to lose if countries agree to forever reduce emissions.

Government and business leaders are banking on clean energy technology to fight global warming, kicking off this week’s high-stakes climate change negotiations by pledging billions of dollars [from income taxes and a future carbon tax] to research and develop a technical fix to the planet’s climate woes.

Microsoft founder and philanthropist Bill Gates, President Barack Obama and French President Francois Hollande will launch a joint initiative on Monday after a diplomatic push in recent weeks ahead of the Paris climate conference.

At least 19 governments and 28 leading world investors, including Facebook founder Mark Zuckerberg, billionaires George Soros and Saudi Prince Alaweed bin Talal, and Jack Ma of China’s Alibaba, have signed on so far.

The new initiative is twofold: a public-private project called Mission Innovation, led by governments, and the Gates-led investor group called the Breakthrough Energy Initiative.

The governments pledge to double their spending [of public treasuries funded by taxing citizens] on low or no-carbon energy over the next five years, according to Brian Deese, senior adviser to Obama on climate and energy issues. They include leading energy producers and consumers, such as the U.S. China, India, Brazil, Saudi Arabia, Australia, Canada, France and Norway. They currently invest about $10 billion a year total, about half of which comes from the U.S. [taxpayers], Deese told reporters in Washington.

Gates committed $1 billion of his money and was the “intellectual architect” behind the effort to get investors involved, U.S. Energy Secretary Ernest Moniz said. The business leaders are making their pledges conditional on governments also pledging more money, said a former U.S. government official who is familiar with the plan.

President Barack Obama, who arrived in Paris late Sunday night, wrote on his Facebook page that “we'll work to mobilize support to help the most vulnerable countries expand clean energy and adapt to the effects of climate change we can no longer avoid.”

The money would focus on research and development of technologies such as energy storage, which could make better use of clean power from wind and solar regardless of the vagaries of weather. It will also look at farming and transport.

But a multinational research effort combining the investments of governments, corporations and private individuals could create intellectual property problems.