Wednesday, January 11, 2023

If it takes billions, then use them

 

This article from the Washington Post highlights how the world's wealthiest people are attempting to address the urgency of climate change. 

I say, if they want to spend their money addressing and potentially reducing the impact of climate change, then they should.  (Especially if it involves small modular nuclear reactors, which I still think is a great bridge technology.)


For better or worse, billionaires now guide climate policy

Some partial paragraphs from this article:

"Bill Gates-backed innovations are in line to receive potentially billions of dollars of U.S. subsidies and push the energy transition toward new hydrogen, nuclear and carbon-capture technologies after the climate package the Microsoft founder helped champion was signed by President Biden over the summer."

and  

"A clear example is Australian mining executive Andrew Forrest, a billionaire who says he personally met with Biden and the lawmaker key to pushing the Inflation Reduction Act through Congress, Sen. Joe Manchin III (D-W.Va.) to lobby for it. Forrest’s vision for solving the climate crisis leans heavily on green hydrogen, a technology still being developed, for gutting emissions from big industrial operations that analysts had warned was too costly to be used widespread before the end of the decade."

 Well, all I can say is, you've got to get started somewhere.


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