Bill Gates Thinks That The 1% Should Foot The Bill To Combat Climate Change

Authored by vegnum.com and submitted by anonymouse5440

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.

Xdexter23 on May 10th, 2020 at 21:14 UTC »

Am I the only one who thinks the homeless should pay for the war against climate change.

ChipNoir on May 10th, 2020 at 19:21 UTC »

I'll put it in the most simplest, capitalist-minded way possible.

"You break it, you buy it."

Edit: Interesting how I never stated who the "You" is and people are pointing fingers in every direction.

Personal narratives are funny that way...

ILikeNeurons on May 10th, 2020 at 18:26 UTC »

Gates has also said that we need both R&D and carbon pricing.

Carbon pricing is the most single effective climate mitigation policy, and if it's designed right, the rich disproportionately pay for that, too.