ZitatThe world’s richest man, Bill Gates, has said that the private sector is too selfish and inefficient to produce effective energy alternatives to fossil fuels.
While announcing his plan to spend $2 billion of his own wealth on green energy during an interview with The Atlantic [linked], the Microsoft founder called on fellow billionaires to help make the US fossil-free by 2050 with similar philanthropy.
He said:
“There’s no fortune to be made. Even if you have a new energy source that costs the same as today’s and emits no CO2, it will be uncertain compared with what’s tried-and-true and already operating at unbelievable scale and has gotten through all the regulatory problems.
Without a substantial carbon tax, there’s no incentive for innovators or plant buyers to switch.
Since World War II, US-government R&D has defined the state of the art in almost every area. The private sector is in general inept.
The climate problem has to be solved in the rich countries. China and the US and Europe have to solve CO2 emissions, and when they do, hopefully they’ll make it cheap enough for everyone else."
I question whether he is really is "the world’s richest man" but I don't question that he ought stick with computers 'cause he's obviously not so sharp with climate science.
ZitatThe world’s richest man, Bill Gates, has said that the private sector is too selfish and inefficient to produce effective energy alternatives to fossil fuels.
"There’s no fortune to be made. Even if you have a new energy source that costs the same as today’s and emits no CO2,"
Really?
Based on what evidence?
How about a new CO2 refrigeration unit that doesn't use fluorocarbons? No money? He must be so invested in the religion of Gaia that he's stopped thinking creatively. Has he forgot how capitalism, with its reward system, is what has made America the leading economy. The capitalist system has certainly rewarded Gates.
Maybe Gaia Boy should start creating enterprise zones to solve the problems he sees.
******* The world will not be destroyed by those who do evil ... but by those who watch them and do nothing. -- Albert Einstein