Bill Gates discusses the critical gap in existing technology and cost effectiveness that hinders meeting the Paris Agreement climate targets. Despite advances in renewable energy and electric vehicles, more innovation is needed across sectors including manufacturing and agriculture. He introduces the concept of the Green Premium, which measures the extra cost of clean technologies compared to conventional ones, and argues that reducing this premium is essential for widespread adoption.
Gates highlights Breakthrough Energy’s investments in over 150 companies developing breakthrough climate solutions and stresses the importance of private sector capital alongside government support. He warns that cutting funding and reversing supportive policies in some countries could impede progress. Policymakers and innovators should concentrate their efforts on sectors with the highest emissions and greatest potential impact.
Looking forward, Gates envisions a transforming global economy with cleaner energy, manufacturing, and transportation fueling less emissions and improved living standards worldwide. While challenges remain, increased investment and innovative breakthroughs can accelerate emissions reductions and create economic opportunities. He urges scientists, entrepreneurs, and investors to contribute to this pivotal era in climate technology development.
👉 Pročitaj original: MIT Technology Review
