Switch green subsidies into R&D
It is interesting that there is no US media coverage of this perspective from Bill Gates. This article comes from the UK. The UK doesn’t utilize direct taxpayer subsidies like the USA, but instead has forced a “Feed-in Tariff” on the grid, forcing electricity costs to skyrocket. This, in turn, has led to poor and working class people to endure what has been termed “energy poverty” such that they must sacrifice heavily on other things to try to keep the lights on.
Excerpts from the article:
“Retired software kingpin and richest man in the world Bill Gates has given his opinion that today’s renewable-energy technologies aren’t a viable solution for reducing CO2 levels, and governments should divert their green subsidies into R&D aimed at better answers.”
Gates refers to the cost of meeting electricity needs on renewables as “beyond astronomical”
“In Bill Gates’ view, the answer is for governments to divert the massive sums of money which are currently funneled to renewables owners to R&D instead. This would offer a chance of developing low-carbon technologies which actually can keep the lights on in the real world.”
Bill Gates scorns those ideologues who want to end all fossil fuels and run the world on wind & solar power in this interesting article. Here is the link: