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Zero: The Climate Race

A big climate bill for a new era of climate tech with Bill Gates

Zero: The Climate Race

Bloomberg

Technology, Business, Science

4.7219 Ratings

🗓️ 29 September 2022

⏱️ 36 minutes

🧾️ Download transcript

Summary

What role will the landmark climate bill in the US play in spurring innovation? Is cutting emissions in rich countries enough to solve the climate crisis? Bloomberg Green’s Akshat Rathi talks to Bill Gates about what’s needed to create zero-emission economies, how Europe should face up to its energy crisis, and how he helped persuade Democratic Senator Joe Manchin to sign the Inflation Reduction Act.

Read an in-depth story about all the people who influenced the passage of the climate bill.

Read a full transcript of this episode, here.

Zero is a production of Bloomberg Green. Our senior producer is Christine Driscoll and our producer is Oscar Boyd. Thoughts or suggestions? Email us at [email protected]

For more coverage of climate change and solutions, visit https://www.bloomberg.com/green

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Transcript

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0:00.0

Welcome to Zero. I'm Akshadrati. This week, Innovation, the U.S. Climate Bill, and the bill behind the bill.

0:17.0

My guest today, Bill Gates, hardly needs an introduction. As the co-founder of Microsoft, he has

0:23.2

amassed one of the world's largest fortunes, virtually all of which he has promised to give

0:27.8

away, mostly through the Bill and Melinda Gates Foundation. He's also known for his forays

0:33.0

into funding new climate technologies. In 2015, he created Breakthrough Energy, an accelerator for

0:39.4

green technologies. It has a multi-billion dollar venture capital arm that has invested in nearly

0:44.8

100 companies and a non-profit arm that influences policy and conversations around climate solutions.

0:52.2

In 2021, he published a book called How to Avoid a Climate Disaster,

0:56.7

where he makes an impassioned case for innovation

0:59.3

and its essential role in changing our physical economy.

1:03.2

But he is also realistic about the time frame it's going to take.

1:07.3

So when people say to me, hey, we love your climate stuff

1:09.7

because we can tell Putin, we don't need him, I say, me, hey, we love your climate stuff because we can tell Putin we don't

1:11.4

need him.

1:12.4

I say, yeah, 10 years from now, call him up and tell him you don't need him.

1:17.9

The amount of time needed to bring innovations to scale is one reason why Bill is so keen

1:23.4

to make sure governments act on climate.

1:26.2

Most recently, he was an influential voice

1:28.3

behind the landmark U.S. climate bill

1:30.4

called the Inflation Reduction Act.

1:33.3

I sat down with Bill in August

1:35.1

before President Joe Biden signed that legislation

...

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