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Why Bill Gates Supports America's Climate Legislation

Sunday August 7, 2022. 05:34 PM , from Slashdot
Bill Gates wrote a New York Times opinion piece Saturday arguing that it's immediately clear we're experiencing the effects of climate change. Just in America, 'Extreme heat and drought are affecting tens of millions of people, as floods and wildfires ravage communities from Appalachia to California.'

So he's urging the U.S. Congress to 'face down the climate crisis' while 'strengthening our country's energy security, creating opportunities for businesses and improving the lives of Americans,' by supporting a massive climate-spending bill being voted on this weekend in the U.S. Senate. Gates calls the bill 'our best chance to build an energy future that is cleaner, cheaper and more secure.'

Many of the technologies we'll need to reach net-zero emissions don't exist, are in early stages of development or are still too expensive to scale up. At the same time, more mature technologies like solar, wind and electric vehicles must be deployed more quickly in more places. Through new and expanded tax credits and a long-term approach, this bill would ensure that critical climate solutions have sustained support to develop into new industries....

With those incentives and investments, this bill would catalyze a new era of American innovation. The ability of America's universities and industries to innovate remains second to none, yet the country risks falling behind as other countries race to build their own clean energy economies. This legislation would help turn American energy innovations into American energy industries and unlock huge economic opportunities in the energy market. If it becomes law, few nations would have the capacity for producing homegrown clean energy like the United States. America could quickly become a leader in the deployment of clean energy at the scale required.

Solving climate change is perhaps the hardest challenge humanity has ever faced. It will require fundamentally transforming how we power our communities, move goods, build things, heat and cool buildings and grow food — basically how we do everything. We need to do it rapidly with a cohesive and coherent plan if we want to avoid the worst effects of climate change.
The country has an opportunity to set an example by offering a vision of what's possible — and then by making it happen.



Gates also writes that the legislation 'would begin to transform the parts of our economy that are hardest to decarbonize, like manufacturing, which we must do to reach net-zero emissions...

'Businesses are waiting on the sidelines for a strong signal from government that clean industries are a solid long-term investment. Passing the Inflation Reduction Act would send that message and enable private capital to supercharge our clean energy future with even greater confidence.'

Read more of this story at Slashdot.
https://news.slashdot.org/story/22/08/07/0026259/why-bill-gates-supports-americas-climate-legislatio...
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