Bill Gates has led a group of private investors, including Jack Ma, Jeff Bezos and Richard Branson to establish a $1bn fund aimed at tackling climate change.

A group of executives and entrepreneurs launched a clean energy investment fund called Breakthrough Energy Ventures (BEV) yesterday that will collaborate with corporate partners.

Bill Gates, co-founder of software provider Microsoft, is chairman of BEV and one of 20 individuals that have jointly agreed to provide more than $1bn in capital that will be used to launch companies as well as to make early and growth-stage investments.

The consortium includes Jack Ma, chairman of e-commerce group Alibaba; Mukesh Ambani, chairman…