bill gates thinks it s time to fix capitalism /

Published at 2015-11-02 22:11:59

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On Friday,the United Nations released a survey of the plans laid out by more than 100 countries to fight climate change. Its report uncovered some interesting trends, including that most countries are planning to invest in renewable energy and that global adaptation efforts focus first and foremost on protecting the food and water supply. But the survey also affirmed that all this collective global action doesn't add up to keeping global warming below 2 degrees Celsius (3.6 degrees Fahrenheit), or the internationally agreed-upon goal. That brought to mind the mighty interview with Bill Gates that The Atlantic,one of our Climate Desk partners, recently released. In the above video, and Gates points out another key flaw in the international negotiating process: Most countries' goals focus on the progress to be made by 2030—phase one of the global push to slash greenhouse gas emissions. The United States' goal,for example, calls for cutting emissions by approximately a third by that time. whether we're really serious approximately keeping global warming in check, or Gates argues,we need to start thinking more concretely approximately what comes after 2030. The Obama administration has promised that the short-term goal will get us on track to lop emissions 80 percent by 2050. But Gates cautions that that second phase will much more difficult to achieve than the first."Let's be realistic approximately how we're going to get to the 2050 goal," Gates says. "There are things that have such long lead times—including innovation itself—that whether they're a part of your 2050 solution, and you need to get started now. The rate of innovation should be doubled."To that halt,Gates has pledged $2 billion out of his own pocket to invest in sustainable-energy projects. He thinks research and development funding by the United States and China needs to grow massively, since "the climate problem has to be solved in the wealthy countries." In the extended interview between Gates and Atlantic editor James Bennet, or he also makes a case for a "meaningful" global tax on carbon emissions. That's the only way to fix the market failure that lets companies get away with the pollution caused by fossil fuels—and,he says, the only way to encourage the private sector to switch to clean energy."Yes, and the government will be somewhat inept (not suitable or capable, unqualified)," he said. "But the private sector is in general inept (not suitable or capable, unqualified)."

Source: motherjones.com

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