Bill Gates believes that private investors should foot the bill for increased spending on technologies to fight global climate change . He has pledged to commit $2 billion himself.
Bill Gates is on a worldwide lobbying campaign to press humanity to innovate their solution of global climate change , making the transition to new types of energy.
Gates believes that we could stimulate ingenuity to combat global climate change by dramatically increasing spending on research and development. He believes that non-public investors should foot the bill. He has pledged to commit $2 billion himself.
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Collectively, 28 private investors, including Gates , Facebook’s Mark Zuckerberg and Amazon’s Jeff Bezos, have pledged their own money to assist build private businesses based on public “green energy” research. Collectively, the 28 private participants are worth an estimated $350 billion. Developing new sources of energy requires very patient money. as a result of this, Gates and his fellow billionaires will offer early-stage capital for technologies with long-term potential to get clean energy.
Gates said on Monday that he’s “optimistic that we will invent the tools we need” to fight global climate change . He added that the investors are pledging $7 billion to develop such tools.
avamomrr on May 10th, 2020 at 12:48 UTC »
It is a massive political failure that we have to turn to 'rich people' to fix our energy crisis.
EinSV on May 10th, 2020 at 11:58 UTC »
R&D is great but solar, wind and storage are already cheap and getting cheaper very quickly. The main priority should be to build solar+wind+storage as fast as possible, while shutting down coal and gas plants as fast as possible. Spending most of the $ bankrolling clean energy projects (for example, with low interest loans) with some R&D on the side would be a better use of the $$ IMO.
LoneRonin on May 10th, 2020 at 11:18 UTC »
It really grinds my gears how he's spent the last half of his life just trying to make the world better than when he left it, and all these useless conspiracy freaks think he's microchipping them or some other nonsense.