Bill Gates Says Large Scale Renewable Projects Are Decades Away
photo via ted
On Fareed Zakaria's CNN show, GPS, Bill Gates gave a gloomy answer when asked about the prospects of the U.S. creating renewable energy projects at such a large scale that they will replace dirty fuel sources like coal and oil in the coming decade. Gates, normally sanguine on the power of technology and market forces to cause transformative change at a rapid pace, said that the technology to store energy from intermittent power sources like wind and solar energy remains undiscovered.Gates did call for greater investment in research and development of new energy sources and said that capital could come from a price on carbon pollution. Gates' comments come at the 7-minute mark:
Gates, an investor in new nuclear power sources, doesn't appear to support plans like that of his former rival Google, which has a scenario to reduce greenhouse gases to almost zero in the coming decades. Google's plan involves scaling up renewable energy sources, dramatically increasing the deployment of energy efficiency technologies, and creating an electric car fleet. The plan would get us off oil and coal by 2030, with some use of natural gas.
Gates has invested in TerraPower, a Washington area company innovating in nuclear design. Its model uses unenriched uranium that can be used as a fuel source for up to 60 years.