February 7, 2023

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Bill Gates: Our grandchildren will grow up in a much worse world

Bill Gates said in a letter warning him of the dangers Climate change. billionaire who Maintain charitable foundations Dealing with the effects of climate change often refers to, among other things, the need to wean ourselves off fossil fuels.

wrote the 67-year-old entrepreneur, who made his fortune co-founding Microsoft In the 70s. “And that thought gives a new dimension to my work. When I think of the world my grandchild will be born into, I am more inspired than ever to help all of our children and grandchildren have a chance to survive and thrive,” he notes, then developing the work of the Gates Foundation, as I mentioned before. CNBC.

Gates: My 20-year-old self would be so disgusted by what I’m doing

Markets and governments can address the problem

“I can sum up the solution to climate change in two sentences: greenhouse gas emissions must be eliminated by 2050,” Gates wrote. “Extreme weather is already causing more suffering, and if we don’t get to net zero emissions, our grandchildren will grow up in a world that will be exponentially worse.”

“Getting to zero would be the hardest thing man has ever done,” Gates writes. “We need to revolutionize the entire physical economy—the way we make things, move around, generate electricity, grow food, and stay warm and cool—in less than three decades.”

Philanthropy alone cannot eliminate greenhouse gases. Only markets and governments can achieve this kind of pace and scale, Gates said.

profitability

He argues that companies involved in addressing climate change have a major role to play in this effort. “It could be self-sufficient, and that would encourage other investors to put money into it,” he says.

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Gates wrote, “Companies must be profitable in order to be able to grow, stay in business, and establish a market for their products.” “The profit incentive will attract other innovators, creating competition that will drive down the prices of zero-emission inventions and have a significant impact on emissions from buildings.”