Bill Gates on economic turbulence, crypto and whether we can still prevent climate disasters – Vidak For Congress

At this year’s Vidak For Congress Sessions: Climate 2022, Bill Gates joined me onstage in an extended talk that included an updated assessment of our progress in mitigating climate change since the publication of his book in 2021. How to prevent a climate disaster?† I drew an analogy between our global response to the COVID-19 pandemic and the threat of climate change, but Gates indicated that the changes needed to avert climate disasters are in fact much greater in magnitude and scope than the steps needed to deal with an impending pandemic with urgency.

In terms of why he remains optimistic about the ability of global social action to tackle climate problems, he pointed to countries outside the US that set an example for minimizing the health impacts of COVID, despite at least having fewer resources to deal with it. to do this. He also mentioned the significant progress we’ve made since 2015, the end of the last green tech boom, particularly in terms of an “IQ shift” that has allowed talent and skills to evolve towards developing real solutions in the lab. , rather than going into things like maximizing returns in the banking sector, for example.

Gates also said economic conditions are “probably changing as fast as I’ve ever seen in my life,” and that introduces a lot of uncertainty about how and where capital can be deployed to make the kind of drastic, unprecedented changes needed. in key industries, including manufacturing, that need not only early investment but also fuel for rapid scaling.

We also managed to broach Gates’ views on the value of crypto (or lack thereof?), and he weighed in on Bored Apes and everything they’ve contributed to the world. Spoiler: he is neither a cryptomaximalist nor a minimalist.

I also asked Gates where he believes the biggest innovations still need to be made to make progress in averting the worst impacts of climate change. His response included a specific focus on mitigation made affordable, at scale, where it will have the greatest impact, including regions like Africa.

These are just a few highlights, and our entire conversation even went over the recent cheesy shots of Elon Musk against him on Twitter. You can watch the full 30-minute chat by grabbing a virtual ticket to TC Sessions: Climate, which gives you full on-demand access to all of the event’s programming, as well as our online-only day on Thursday.

Leave a Comment