What do you think?
Rate this book
272 pages, Hardcover
First published February 16, 2021
"Mangroves are short trees that grow on coastlines, having adapted to life in saltwater. They reduce storm surges, prevent coastal flooding and protect fish habitats. All told, mangroves help to reduce the world from 80 billion-dollar losses from floods, and they save billions more in other ways. Planting mangroves is much cheaper than building breakwaters, and the trees also improve the water quality. Very great investment."
“How quickly do we need to get to zero? Science tells us that in order to avoid a climate catastrophe, rich countries should reach net-zero emissions by 2050. You've probably heard people say we can decarbonize deeply even sooner—by 2030."
"We are at the same point today with climate change as we were several years ago with pandemics. Health experts were telling us that a massive outbreak was virtually inevitable. Despite their warnings, the world didn't do enough to prepare and suddenly had to scramble to make up the lost time. We should not make the same mistake with climate change.
In other words, by mid-century, climate change could be just as deadly as COVID-19, and by 2100 it could be five times as deadly."
“There are two numbers you need to know about climate change. The first is 51 billion. The other is zero. Fifty-one billion is how many tons of greenhouse gases the world typically adds to the atmosphere every year.”
"Remember that we need to find solutions for all five activities that emissions come from: making things, plugging in, growing things, getting around, and keeping cool and warm."
“The countries that build great zero-carbon companies and industries will be the ones that lead the global economy in the coming decades.”
“I try to get the big picture first because that gives me the context to understand the new information. I am also more likely to remember it. ”
I can’t deny being a rich guy with an opinion. I do believe, though, that it is an informed opinion, and I am always trying to learn more.…I’ll discuss the omissions/distortions later; first, let’s consider the technical tools provided, as Gates passes the low bar of climate change denial (Merchants of Doubt: How a Handful of Scientists Obscured the Truth on Issues from Tobacco Smoke to Global Warming).
I’m also a technophile. Show me a problem, and I’ll look for technology to fix it. When it comes to climate change, I know innovation isn’t the only thing we need. But we cannot keep the earth livable without it. Techno-fixes are not sufficient, but they are necessary.
Finally, it’s true that my carbon footprint is absurdly high. For a long time I have felt guilty about this. I’ve been aware of how high my emissions are, but working on this book has made me even more conscious of my responsibility to reduce them. Shrinking my carbon footprint is the least that can be expected of someone in my position who’s worried about climate change and publicly calling for action. [Emphases added]
It’s no accident that fossil fuels are so cheap. They’re abundant and easy to move. We’ve created big global industries devoted to drilling for them, processing and moving them, and developing innovations that keep their prices low. And their prices don’t reflect the damage they cause—the ways they contribute to climate change, pollution, and environmental degradation when they’re extracted and burned.ii) State Capitalism:
In general, the government’s role is to invest in R&D [research and development] when the private sector won’t because it can’t see how it will make a profit [i.e. long-term, high-risk, lack “demand-side incentives”; the latter means existing market laws providing immediate, profitable customer demand]. Once it becomes clear how a company can make money, the private sector takes over. This is in fact exactly how we got products you probably use every day, including the internet, lifesaving medicines, and the Global Positioning System that your smartphone uses to help you navigate around town. The personal computer business—including Microsoft—would never have been the success that it was if the U.S. government hadn’t put money into research on smaller, faster microprocessors.…From these passages alone, you might think Gates is well inline with “progressives” like Mazzucato (Mission Economy: A Moonshot Guide to Changing Capitalism).
In some sectors, like digital technology, the government-to-company handoff happens relatively quickly. With clean energy, it takes much longer and requires even more financial commitment from the government, because the scientific and engineering work is so time-consuming and expensive. […]
It might seem ironic that I’m calling for more government intervention. When I was building Microsoft, I kept my distance from policy makers in Washington, D.C., and around the world, thinking they would only keep us from doing our best work.
In part, the U.S. government’s antitrust suit against Microsoft in the late 1990s made me realize that we should’ve been engaging with policy makers all along. [uh, okay…]
The United States, which is by far the largest investor in clean energy research, spends only about $7 billion per year. How much should we spend? I think the National Institutes of Health (NIH) is a good comparison. The NIH, with a budget of about $37 billion a year, has developed lifesaving drugs and treatments that Americans—and people around the world—rely on every day.