Bill Gates says that capitalism cannot save us from climate change

Peace and Freedom

By 

Bill Gates. Photo credit JP Yim, Getty Images

The 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, 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…

View original post 191 more words

Advertisements
About

Take care at our planet, go Green.

Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

The Hillbilly African

Minimalism, Eco-friendliness, Motherhood, Life

simple Ula

I want to be rich. Rich in love, rich in health, rich in laughter, rich in adventure and rich in knowledge. You?

Stay Sustainable 🌎

A blog dedicated to sustainability and the protection of our planet.

Getaway Outdoor Adventures

Treat your family a great Adventures they never forget!

The Next Big 'Zing'

Forecasting the Road to Alternative Energy

Messy Bun and Coffee

By Krystel Ocampo

stevegoesgreen

Time to switch to environmentally friendly cars!

Naturally LivEco

Living The Eco Way...

Monkey In The Middle

Stay tuned and stay involved

Witchery & Whiskers

A little slice of magic

HumanKind

Everybody is Different Everybody is Human

%d bloggers like this: