From
the master of doing well while doing good, Bill Gates in a The
Atlantic interview
“Yes,
the government will be somewhat inept,” he said brusquely, swatting
aside one objection as a trivial statement of the obvious. “But the
private sector is in general inept. How many companies do venture
capitalists invest in that go poorly? By far most of them.”
He
wants human beings to invent their way out of the coming collision
with planetary climate change, accelerating a transition to new forms
of energy that might normally take a century or more. To head off a
rise in average global temperatures of 2 degrees Celsius above
preindustrial levels—the goal set by international agreement—Gates
believes that by 2050, wealthy nations like China and the United
States, the most prodigious belchers of greenhouse gases, must be
adding no
more carbon
to the skies.
The
push is the R&D,” he said............. . “The pull is the
carbon tax.”
On
why the free market won’t develop new forms of energy fast enough:
Well,
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, like “Okay, what do you do with coal ash?” and “How
do you guarantee something is safe?” Without a substantial carbon
tax, there’s no incentive for innovators or plant buyers to switch.
In
this poster's opinion politicians who mouth concern of the national
debt's effect on the follow on generations are the same ones that
would cosign those generations to a dying planet fouled by fossil
fuel byproducts.
Link
to full interview:
http://www.theatlantic.com/magazine/archive/2015/11/we-need-an-energy-miracle/407881/
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