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Earth The Almighty Buck

Why Bill Gates Is Dumping Another $1 Billion Into Clean Energy 248

An anonymous reader writes: A little over a month ago, Bill Gates made headlines when he decided to double down on his investments in renewable energy. Now, he's written an article for Quartz explaining why: "I think this issue is especially important because, of all the people who will be affected by climate change, those in poor countries will suffer the most. Higher temperatures and less-predictable weather would hurt poor farmers, most of whom live on the edge and can be devastated by a single bad crop. Food supplies could decline. Hunger and malnutrition could rise. It would be a terrible injustice to let climate change undo any of the past half-century's progress against poverty and disease — and doubly unfair because the people who will be hurt the most are the ones doing the least to cause the problem." He also says government is not doing enough to fund such research, and that energy markets aren't doing a good enough job of factoring the negative effects of carbon emissions.
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Why Bill Gates Is Dumping Another $1 Billion Into Clean Energy

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  • well, yeah.
  • by Sigvatr ( 1207234 ) on Tuesday August 04, 2015 @07:12PM (#50252943)
    Does anyone remember when Bill Gates was evil?
    • Re: (Score:2, Insightful)

      by Anonymous Coward

      That was before he was sufficiently rich that he could be noticeably philanthropic without effecting his quality of life.

      • by murdocj ( 543661 ) on Tuesday August 04, 2015 @07:29PM (#50253037)

        Sort of like the rest of us.

      • by Rei ( 128717 ) on Tuesday August 04, 2015 @07:30PM (#50253045) Homepage

        Sometimes their "philanthropy" is self-serving. Paul Allen is currently in my country with his huge-arse luxury yacht with its two helicopters and two submarines, parked not at the harbour because his boat is too big, but just sitting out in the bay blocking the view. But because he explores shipwrecks and the like (something that he does for fun), it's called charity, and he gets welcome to park his floating palace at no cost.

        • Is his yacht Octopus still in Reykjavik? Sad he isn't paying harbor fees - he could certainly afford to.
        • This one, I presume: https://www.marinetraffic.com/... [marinetraffic.com]
        • This is also true of the Bill and Melinda Gates Foundation. They donate a huge amount of 'free' medicine around the world to poor countries. There's only one very small catch: if you accept the donation (which it's basically impossible to refuse when it is likely to save millions of lives in your country) you have to sign a one-sided IP protection treaty with the USA. Not pushed by the B&MGF, you understand, it's a requirement of the pharmaceutical companies providing the drugs. The fact that it hap
          • Would this be of the nature: we will give you these drugs if you agree to enact a law that prevents you from cloning them and making more?

            • Yes, that's what the pharma companies want. The terms are a bit more far reaching (i.e. you must also respect US patents, including software patents). If the drugs are patented, then no producing them locally. If they actually wanted to make a difference, then they'd fund building factories in countries that don't respect these patents and mass produce them for local consumption. They'd help bootstrap the local industry and they'd end up delivering the drugs much more cheaply.
      • affecting, ffs!
    • Re: (Score:3, Insightful)

      by Joce640k ( 829181 )

      That was when he was running a corporation in a competitive business world.

      (OK, he kept it up for a bit longer than strictly necessary after Microsoft had "won", but that's another story. Plenty of CEOs do worse things than that.)

      • by jkrise ( 535370 )

        He is still the largest shareholder in the 'Evil' company.

        He still has the power to set right the source code of Windows, so as to completely remove any necessity of running any anti-virus software, just like on Linux PCs and Macs. Around 2 billion devices are said to be running Windows, so this single "Good Deed" alone will result in energy savings of atleast 2000 MWhrs per day.

        But Bill will not do that. Instead he will criticise governments and pay lip service to poverty alleviation and the Press will lap

    • Yeah, I think it was less than two months ago when he announced he was still not going to divest from fossil fuels. http://www.washingtontimes.com... [washingtontimes.com]

      So maybe he's moving from evil to hypocrite?

      • Linking to the washington times is like linking to an onion article.
      • Divestment is a political posture. It's the kind of thing you print on leaflets to hand out to the Freshmen. Then they can march on the Administration building chanting 'Divest Now!'

      • by AmiMoJo ( 196126 )

        So on the one hand we have the anti-environmentalists screaming that we can't live on renewables alone, and on the other we have people criticising Gates for agreeing and not giving up on making the necessary evil of fossil fuels less evil.

      • If he's taking money earned from fossil fuels and putting it toward renewable energy R&D, then that's a net gain. Besides, if they sold the stock, it would just create a buying opportunity for someone else; someone who wouldn't necessarily use any profits for altruistic efforts.

    • "Does anyone remember when Bill Gates was evil?"

      It's the rules. Every rich person who is not arrogant has to be guilt-ridden.

      OR...maybe he's a nerd who, having more money than most of the other nerds, can indulge his geekly interests in a more world-changing way than installing the newest release of Debian and vainly looking for something useful to run on it.

      • Every rich person who is not arrogant has to be guilt-ridden.

        I don't believe that for a second. I guess I've met non-arrogant rich people who are super lovely and moral people.

        • " I guess I've met non-arrogant rich people who are super lovely and moral people."

          A know a billionaire couple who are the nicest people you would ever want to meet. They own a closely held company whose name most of us in here would know. Fortunately my town doesn't play by "The Rules" I mentioned above.

          Let the politically frantic stew in their own treasured assumptions.

      • ...can indulge his geekly interests in a more world-changing way than installing the newest release of Debian and vainly looking for something useful to run on it.

        Wow. That's...a little too close to home. Please think of other people before saying such hurtful things.

    • by Bite The Pillow ( 3087109 ) on Tuesday August 04, 2015 @08:21PM (#50253263)

      No. He once ran a company that attempted to push the boundaries of anti-competitive behavior, but that wasn't evil.

      If you don't follow, remember that in American law, anything that is not explicitly forbidden is allowed. And the only way to know if something is forbidden is to :

      1) Do it
      2) Be challenged (a) by someone who can show harm
      3) Have it upheld by the Supreme Court

      Anything else means it's legal, or legal in some part of the country, or technically legal while violating the spirit of the law.

      I remember when Bill Gates was evil, but I was ignorant then. I have since learned the law, the constitution, and relevant ancillary information.

      Challenge for you: Sadeep Napreeka (based on memory, not intended to be an insult) runs the company now, and Windows 10 kinda seems like a privacy nightmare. Comparatively, billg seems tame.

      So if someone should down mod you, it seems natural and fair. Up mod seems kinda shill reinforcing shill.

      Or maybe someone does not understand America.

      Nothing is illegal. Oh, yeah, that should be. Oh and that, and maybe that recent thing. Oh, and let's add that to the list.

      America has allowed numerous terrible behaviours, until they demonstrated social harm.

      Land of the free, and all that.

      Evil has a spiritual connotation. Care to defend?

      • He once ran a company that attempted to push the boundaries of anti-competitive behavior

        They attempted, and were convicted of being a monopoly. [wikipedia.org]

      • remember that in American law, anything that is not explicitly forbidden is allowed

        Note that this is true for pretty much any legal system that is not arbitrary and capricious.

        If the government can nail you for anything that is not explicitly allowed, then you have a lot bigger problems than a few billionaires.

        As an example, did you know that there's not a law in the USA that explicitly states that you're allowed to own a home?

      • Re: (Score:2, Interesting)

        by Anonymous Coward

        You seem to be equating the law with morality. Or you're being really really sarcastic. I'm not sure which. You can be evil while staying within the letter of the law, and you can break the law daily while retaining your morality. The law, as you correctly identify, does not promote or enforce good morals, not does it prevent bad or evil acts, it merely forbids some things that cause proven (and typically financial) harm. So your post could be paraphrased as follows:

        (1) I'm going to state that his acts

      • Legal and illegal are not synonyms for good and evil.
        In secular, free countries - quite deliberately so.

        Legal and illegal exist to maintain social order and allow society to continue to function.
        Good and evil are measurements of behavior based, primarily, on the consequences of that behavior.

        There can be overlap between the two, but they are not the same.

        While there can be a lot of philosophical debate about this (and how ideas of good and evil differ between different subgroups in society) there is a funda

      • by rtb61 ( 674572 )

        Careful there partner, ignorance of the law is no excuse, https://en.wikipedia.org/wiki/... [wikipedia.org]. About the dumbest thing you can do is experiment with what is illegal and what is legal upon a trial and error basis. Best way to find out if something is forbidden, do some research or pay a lawyer to do it for you.

        The Evil in relation to M$ was a relative evil based upon technological and social uses, so not to be confused with the serious evil of the military industrial complex or the corrupt pharmaceutical co

    • by Anonymous Coward on Tuesday August 04, 2015 @08:37PM (#50253313)

      Does anyone remember when Bill Gates was evil?

      Pepperidge Farm remembers.

    • by 7-Vodka ( 195504 )
      Yes I remember since earlier this morning.

      Don't [techrights.org]
      tell [latimes.com]
      me [neosmart.net]
      you [liberationnews.org]
      believe [infowars.com]
      the [infowars.com]
      mass [infowars.com]
      media [liveactionnews.org].

      Yes because funding BP, Exxon, Monsanto etc [sourcewatch.org] is really honorable.

      • Infowars: where the crazies on the left circle around to meet the crazies on the right in an orgy of crank-magnet love.
    • A few months before Lucifer was I guess .
    • I for one welcome Bill Gates, our new overlord. So far he seems better than the old overlord.

    • Does anyone remember when Bill Gates was evil?

      Well, if we are to believe the Gospel, we all have the chance to seek redemption, I guess. It isn't exactly a new phenomenon that ultra-rich people end up growing the conscience they should have learned from their parents in childhood - the same happened for Rockefeller and Carnegie, just mention two, and for a number of those that grew rich on exploiting their workers or slaves during the industrial revolution in England.

      I suppose a major factor is also that when you grow older, you discover how futile it

  • by WillAffleckUW ( 858324 ) on Tuesday August 04, 2015 @07:38PM (#50253095) Homepage Journal

    Having consistent power to refrigerate vaccines and medicines, and sterilize needles is critical to curing diseases worldwide.

    Moving to a more decentralized approach of clean power generation allows areas with major health problems from disease to leapfrog past other countries. And because they're not that useful in warfare, if done on a mass produced level and inexpensively, it makes it easy enough to maintain (just train people to fix them and install them, and set them on resupply and maintenance runs, with text messages for "out of supplies" or "power running low" or "diagnostic error code physical problem") using burst relay communications.

    Same goes for water. The Gates Foundation has demonstrated they could mass produce clean water supplies from ... basically sewage (human wastes). They just need power supplies to run those. If you roll out solar worldwide in mass quantities you drop the cost to maintain and install low enough. And you can use such devices to charge phones that use low energy communications. Most diseases in poor nations involve lack of clean drinking water. If you can't get clean drinking water locally but you can get it free from one of these devices, you'll use that. Nobody wants their babies to die.

    Doesn't matter if it won't charge your phone at night when it needs power to run the fridges, so long as you make it modular.

    Very good idea.

  • didn't we just have an article posted on here where someone pointed out that the efficiency from end-to-end of charging a mobile phone is something like *16* percent? ... so why is bill gates investing in an area of least efficiency? it makes me wonder, y'know - when people get a lot of money (like google throwing money at project ara to help create and entrench existing monopoly positions around the UniPro standard), they often don't think "how can this problem be solved in a way that *doesn't* need a lot

    • Re:efficiency... (Score:5, Insightful)

      by gstoddart ( 321705 ) on Tuesday August 04, 2015 @08:11PM (#50253233) Homepage

      In fairness to Bill Gates, he's talking about poor farmers in poor countries where there is no real electrical grid.

      He's not talking about whiny punks in rich countries and their damned cell phones. Or rich assholes with private yachts and jets.

      Oddly enough, people in poor and remote areas are the ones who would stand to benefit from solar power the most, and they aren't the people who would be looking at reducing their energy consumption ... they're the people who don't have lights and really basic things.

  • I know why... (Score:5, Interesting)

    by Lumpy ( 12016 ) on Tuesday August 04, 2015 @07:51PM (#50253161) Homepage

    Just like most really rich guys. Trying like hell to clean his dark soul from what he did to get that rich.

    Carnegie was a horrible horrible human being, he tried to buy his soul back with all the "giving back".

    • Re: (Score:3, Interesting)

      by h33t l4x0r ( 4107715 )
      You mean bundling a browser with an OS? Or copying Apple's UI? Eradicating polio doesn't balance that karma for you? Really?
    • Re:I know why... (Score:5, Interesting)

      by PopeRatzo ( 965947 ) on Tuesday August 04, 2015 @09:00PM (#50253421) Journal

      Just like most really rich guys. Trying like hell to clean his dark soul from what he did to get that rich.

      In the United States, we like a good redemption story.

      Or don't you believe in redemption?

    • Just like most really rich guys. Trying like hell to clean his dark soul from what he did to get that rich.

      The entrepreneur --- the empire builder --- has more fun than almost anyone and accomplishes more than most. He tends to exit the stage as exuberant and self-confident as when he entered it.

      New York Architecture Images - The Chrysler Building [nyc-architecture.com]

    • He's just doing what a lot of us are doing: donating time and money to causes we think are worthwhile to support. The difference is that ordinary people have at best a couple of thousand to give, and not much time at all. We get to choose which organisations to support, but with that kind of money it is very hard to get personally involved. The closest we come to real involvement is to spend a few hours a week as a volunteer, or to provide microcredit through organisations like Kiva (and even there you'r
  • by jklovanc ( 1603149 ) on Tuesday August 04, 2015 @08:01PM (#50253191)

    I hope he is investing in storage technology. Too many solar panels don't help at night.

    • Re:Storage (Score:4, Interesting)

      by Anonymous Coward on Tuesday August 04, 2015 @09:33PM (#50253535)

      It does if the power is being used for water purification, or to run simple productive machines like saws and drills. Most of the places that are in desperate poverty have very little productive capacity beyond the healthy person. the goal is a sustainable way to replicate industrial revolution.

      • You've got it back to front. The benefit here is that poor people won't all die because of famines/droughts/floods induced by climate change. It is not so they can have new electric tools and solar powered houses. The rich countries are the ones who will have the new stuff, while the poor will get the 'benefit' of not dying due to our voracious consumption of the earth's resources.

        Yes, the life of poor people in developing countries really does suck that much.

    • Farmers tend to sleep and rise with the sun, so not so much of an issue in this use case.
      • They still have refrigerators, lights, heaters, fans, machines, etc. Also only a very small percentage of the population are farmers any more.

    • Undoing moderation
  • by WaffleMonster ( 969671 ) on Tuesday August 04, 2015 @08:18PM (#50253255)

    Collecting and exploiting everyone's private data from most of the worlds desktop users requires energy... lots of it. Ask the NSA about their troubles with the grid. Bill is just doing his portfolio a favor by working to make more sources of energy available.

    --
    "Finally, we will access, disclose and preserve personal data, including your content (such as the content of your emails, other private communications or files in private folders), when we have a good faith belief that doing so is necessary."

  • (a) he can afford it, (b) it keeps his name in the news. In a good way, I mean.

  • On the surface... (Score:5, Interesting)

    by erp_consultant ( 2614861 ) on Tuesday August 04, 2015 @09:29PM (#50253513)

    this seems like a noble thing to do. So why am I left with this feeling that he is still a crooked, slimy sleazeball? I've said this before but this is straight out of the Robber Baron playbook.

    Act 1 - make as much money as humanly possible. If you have to screw people over or even break laws along the way, so be it.
    Act 2 - turn into a philanthropist and give some of it back. Note: not ALL of it, SOME of it.

    In the end, most people have short memories and will only remember the last act not the first.

    I'm not saying that he hasn't done anything good with his money. He has. But he's still a crook.

    • this seems like a noble thing to do. So why am I left with this feeling that he is still a crooked, slimy sleazeball?

      Really I have no idea why people hate Bill Gates so much other than limited cerebral function. He was immensely successful in business, one of the most successful in history, and has used that success for the greater good of humanity. Yet you choose to overlook all that because he forced you to manually install another browser on your computer to bypass the default?
      Churchill, Jefferson, Newton, pretty much every major character in history broke some eggs to make their omelettes. Gates is no different and

      • "Churchill, Jefferson, Newton, pretty much every major character in history broke some eggs to make their omelettes. " - You are forgetting Carnegie, Rockefeller, Kennedy, Venderbilt and others. They broke a lot of eggs too.

        Gates also broke laws. You may remember that he is a convicted monopolist. Just like Rockefeller. And, just like Rockefeller, he turned to philanthropy late in life so that people like you would forget his evil deeds earlier in life. This is the Robber Baron playbook that I referred to.

        G

  • And renewables have probably hit the point where they're profitable. We know this because power companies have called them out as a risk factor in their SEC filings. It does bother me that we let the 1% toss that kinda money round willy-nilly though.
  • Why can't ./ reliably use the Bill the Borg icon he earned over the years? What has happened to ./? Is anyone left over there?
  • Sadly -- and I do mean sadly -- the effect of CO2 on "the poor" is never accurately or fairly tallied.

    If it were, the tally would have to begin with the massive amount of greenhouse research on the positive effects of CO_2 on plant growth, research that demonstrates (for example) that it is easily cost-beneficial to buy apparatus to maintain a CO2 concentration over 1000 ppm in actual greenhouses. By raising atmospheric CO2 from 280 to 400 ppm, we have in fact raised crop yields worldwide by between 10 and

    • If it were, the tally would have to begin with the massive amount of greenhouse research on the positive effects of CO_2 on plant growth,

      Plant growth is almost never CO2 limited outside of the lab.

      Anything that raises the cost of electricity and imposes barriers to its cost-effective implementation in the world's poorest countries has the direct and immediate effect of hurting the poorest people of the world far more than all of the "climate change" that has thus far been attributed to increased carbon dioxide in the atmosphere,

      Even the Chinese are figuring out that the cheapest possible energy production results in living conditions that are worse than no energy production at all.

      Smartest motherfucker in the room syndrome, eh?

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