Stanford University just received $1.1 billion to fund a new school focused on climate change and sustainability. It will be Stanford’s first new school in 70 years and launch with 90 faculty members, and they plan to add 60 more over the next 10 years.

Source: CNBC Television/Youtube

John Doerr, one of the most successful venture capitalists in Silicon Valley, gifted the school the money along with his wife and is the largest donation ever to a university for the establishment of a new school. It is also the second-largest gift to an academic institute, according to the Chronicle of Higher Education. Doerr has invested $11.3 billion fortune investing in companies like Slack, Google, and Amazon, according to The New York Times.

“Climate and sustainability is going to be the new computer science,” Doerr, said in an interview “This is what the young people want to work on with their lives, for all the right reasons.”

The school will be called the Stanford Doerr School of Sustainability and will have academic departments like planetary science, energy technology, and food and water security. There will also be many interdisciplinary institutes dedicated to developing practical policy and solutions for the climate emergency.

“The school will absolutely focus on policy issues and on asking what would it take to move the world toward more sustainable practices and better behaviors,” Marc Tessier-Lavigne, the Stanford president, said in an interview.

The New York Times reported that the donation makes the Doerrs leading funders of climate change research and scholarship. Once the new school is complete, Stanford will be leading public and private efforts for the world to finally leave fossil fuels behind and work towards a renewable future.

Source: TED/Youtube

“This is going to take more than one institution,” Mr. Doerr said. “Just like we have multiple medical schools, we need multiple sustainability schools to get the job done.”

Amazingly, these big investors are finally paying attention and doing something about climate change. According to the latest IPCC report, it’s now or never to do something about the climate crisis.

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