Post by bonnasuttadhar225588 on Feb 15, 2024 5:57:14 GMT -5
In the midst of the Breakthrough Energy Summit (BES) organized by Breakthrough Energy Ventures, the venture financing organization of philanthropist and entrepreneur Bill Gates, which works to help companies scale solutions to accelerate the transition to decarbonization. According to Green Biz , Gates said he is doing his part for the climate and now it is time for companies to do the same. So, did Bill Gates deliver vs. climate change? According to his statements, betting on technological innovation – something in which he has been investing for years – in itself is not enough, because it must be affordable so that it can be implemented equitably, not only by countries. developed. Gates and his commitment to technological innovation against global warming Gates, who recently came under fire for hesitating to donate his fortune to environmental advocacy—at a time when other personalities announced ostentatious contributions to their own favorite causes—responded that instead of giving money to charities and hoping for the best, he has decided to invest “billions of dollars” in his own sustainable energy company, Breakthrough Energy Ventures .
The above is in order Cyprus Email List to help companies find “much safer, cheaper and low-waste solutions” to climate change. However, for Gates, efforts like his are simply not enough for mass adoption of climate mitigation technology, as it is prohibitively expensive. And he gives as an example the additional cost, known as the "green premium", of choosing a clean technology over another that emits more Greenhouse Gases (GHG). "Right now, clean solutions are typically more expensive than high-emission solutions, in part because we don't factor the true economic and environmental costs of existing options, like fossil fuels, into the price we pay for them." Breakthrough Energy . gates-bet-on-innovation-against-climate-change Reducing the so-called “green premium”, what exactly is it about? Breakthrough Energy Ventures uses the “green premium” metric as a guiding principle for areas most in need of innovation. The higher the premium, the more innovation is needed to reduce the cost.
So dissecting the huge energy economy to net zero solutions will cost, but, with the right policies and approach, it is possible to reduce the Green Premium. Ultimately, according to Gates' funding body, the world requires that premium to be so low that everyone, everywhere can choose the clean alternative, but it's crucial to understand that getting there will come at a high cost, at least in some cases. principle. Additionally, while it may be tempting for organizations to invest in competitive technologies that lead to rapid emissions reductions, such as wind, solar and electric vehicles, ignoring hard-to-decarbonize sectors does not chart the path to meeting climate goals, according to the philanthropist and businessman. "In any case, you must first work on hard technologies [those that consist of production, development or manufacturing of tangible products] and put more capital into them because the deadline is 2050." Bill Gates. Major economies must close the gap in access to clean technologies: Bill Gates Gates' lodestar is to make technologies cheap enough that middle-income countries can afford to adopt them.