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Quote by Bill Gates

“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.”

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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“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.”

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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.”

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“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.”

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“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.”

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“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."”

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“You might say, well, aren't people saying that about wind and solar today? Not really. Only in the super-narrow sense that the capital costs per output, when the wind is blowing, is slightly lower.”

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“Intermittency [in availability for wind and solar] changes the economics, particularly this requirement that the power company at all times be able to require power. That's large.”

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“At the end of the day, natural-gas peakers sit back there and get financed so that the Midwest corridor can have a huge [period] of four to five days of no wind. The peakers are running big time to make that up, because that is the swing piece that can always be turned on.”

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“We need to get a broader awareness. People say climate change is really bad, but painting that picture of what you're putting at risk.”

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“Depending on how quickly you get ocean rise, you have people who live in river deltas [at risk]. Bangladesh is largely a river delta, and the rising sea level means that when storms come in, the human sanitation is backing up, the ability to farm, it's destructive-type situations like you saw in New Orleans with Katrina. You're increasing the frequency of that stuff in low-lying areas fairly dramatically.”