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Quote by Bill Gates

“That's the part where the governments have a unique role, and then when it progresses well enough, then existing companies or new startup companies should take it. In the $3 trillion a year energy market, the rewards will be quite fantastic.”

Quote by Bill Gates

Author

Bill Gates, born on October 28, 1955, is a renowned investor. He is the co-founder of Microsoft Corporation and served as the CEO and Chairman of the company. Gates has had a profound impact on the computer software industry, particularly in the development of personal computer operating systems. He stepped down as CEO in 1995 and has since focused on philanthropy, using the Bill & Melinda Gates Foundation to fund global health, education, and poverty reduction initiatives. more

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“At some point, that risk-taking private capital can take over, and have patents and trade secrets and things that let them lead the way, which happened with the steam engine and some other things, although with energy, the time of adoption is a lot longer than it is with, say, IT products or even medical advances, like drugs and vaccines.”

Way Energy Secret Risk Happened Products Drug Trade Medical Engines Adoption Steam Vaccines Patents Risk-taking Steam Engines Medical Advances

Author:Bill Gates

“Other paths would include making nuclear fission cheap enough and safe enough that people broadly embrace it, so that could be scaled up.”

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“Science is but an image of the truth.”

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“I haven't any wisdom - just a child like everybody else. I'm not as great as Frank Lloyd Wright.”

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“If you really could take the CO2, when you burn hydrocarbons - coal, for example - if you could really capture the carbon and sequester it - they call it CCS - if the extra capital cost, energy cost, and storage costs over time didn't make it super expensive, then that's another path that you could go down.”

Ifs Energy Path Example Cost Extras Expensive Capture Carbon Coal Storage Co2 Hydrocarbons

Author:Bill Gates

“I could name about a dozen paths, and you'd like to have a whole bunch of research on all those paths, and then, eventually, at least four to five companies with really significant financing try and get to big scale, going down and really trying to prove it out.”

Trying Whole Bigs Names Company Path Five Four Prove Research Down And Significant Scales Bunch Dozen Prove It Financing

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“I really do think cancer will largely be a solved problem. I think most of the infectious diseases like malaria - our foundation is very involved - once we're finishing polio eradication, then starting up this malaria eradication, and getting that done as fast as we can.”

Thinking Done Problem Involved Disease Foundation Starting Cancer Finishing Malaria Polio Solved Problems Infectious Diseases Starting Up

Author:Bill Gates

“So on the demand side [for energy], there have been a variety of policies that globally have been way over $50 billion a year of tax credits, raising the price of electricity through things like renewable portfolio standards, so the total amount of money that's gone into sending a price signal to push up demand versus what would happen without it has been gigantic.”

Way Years Has Beens Happens Energy Sides Gone Policy Amount Demand Taxes Standards Credit Billions Variety Electricity Signals Versus Portfolios Over 50 Push Ups

Author:Bill Gates

“On the supply side, for innovation, you'd say, go look at those R&D budgets, and they haven't moved in the last 20 years. In the case of the US - which is the majority of R&D funding across every category you can name: health, energy, whatever - it's been about $5 billion a year from the Department of Energy.”

Years Looks Names Energy Sides Cases Havens Innovation Majority Moved Billions Budgets Department Categories Funding

Author:Bill Gates

“We paired this announcement of the R&D [commitment] with the so-called Breakthrough Energy Coalition, which is 27 [major investors] saying, "Hey, we'll put significant money into [energy innovations] when they're ready to spin out probably into startup companies."”

Energy Company Ready Majors Commitment Innovation Significant Hey Investors Breakthrough Coalitions Announcements

Author:Bill Gates