Admin Reporter- POOJA1

Feb 23 2021


Bill Gates wants to team up more with Bezos to combat climate crisis

Tuesday, 23 February 2021

Bill Gates is aiming to work more closely with Amazon.com Inc. Chief Executive Officer Jeff Bezos to combat a climate crisis that the Microsoft Corp. co-founder said could dwarf the current pandemic in fatalities and global impact.

“The deaths will just go up over time as you get more heat waves, forest fires and, most importantly, lose the ability to go outdoors and do farming anywhere near the equator,” Gates said in an interview with Bloomberg Television’s Emily Chang. His book, “How to Avoid a Climate Disaster,” went on sale earlier this month.


Unlike the pandemic, it’s hard to get people to focus on catastrophes that may be decades away in enough time to avert them. “It's a real test of humanity to invest in advance for problems that come later,” Gates said.

 

 

 

 

 

That’s part of where working with Bezos comes in — he’s pledged even more to combating climate change than Gates, $10 billion to a few billion for Gates — and Gates is hoping they can collaborate to back costly early-stage green alternatives to current technologies. In his book, Gates uses the concept of a “Green Premium,” the difference in price between a traditional, carbon emitting technology like a gas-powered car and its green alternative, an electric car. When the price of those newer technologies is too high for regular consumers or governments, people like Gates and Bezos can use their capital to spur demand and bring the prices down to a level suitable for everyone else.

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