Billionaire couple Stewart and Lynda Resnick have pledged $750 million to the California Institute of Technology to help save the environment.
The philanthropists and owners of The Wonderful Co have given the largest donation Caltech has ever received to tackle ‘issues of water, energy, food, and waste in a world confronting rapid climate change‘.
“In order to comprehensively manage the climate crisis, we need breakthrough innovations, the kind that will only be possible through significant investment in university research,” Stewart Resnick said in a statement, according to Forbes.
“Science and bold creativity must unite to address the most pressing challenges facing energy, water, and sustainability.”
‘Society’s most pressing problems’
According to Caltech, the money will be used to build the Resnick Sustainability Resource Center, serving as ‘the hub’ for research including building smarter electricity infrastructure, solar energy, measuring, modeling and mitigating climate change, managing water resources, and global ecology.
“Sustainability is the challenge of our times,” Thomas F. Rosenbaum Caltech President said in a statement.” The Resnick Sustainability Institute will now be able to mount efforts at scale, letting researchers across campus follow their imaginations and translate fundamental discovery into technologies that dramatically advance solutions to society’s most pressing problems.”