Quintuple clean energy and climate-related R&D over the next decade.: Difference between revisions

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(Created page with "Direct public investment in research and development is one of the most important things we can do to fight climate change, but governments aren’t doing nearly enough of it. In total, government funding for clean energy R&D amounts to about $22 billion per year, only around 0.02 percent of the global economy. Americans spend more than that on gasoline in a single month. The United States, which is by far the largest investor in clean energy research, spends only about...")
 
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Direct public investment in research and development is one of the most important things we can do to fight climate change, but governments aren’t doing nearly enough of it. In total, government funding for clean energy R&D amounts to about $22 billion per year, only around 0.02 percent of the global economy. Americans spend more than that on gasoline in a single month. The United States, which is by far the largest investor in clean energy research, spends only about $7 billion per year. How much should we spend? I think the National Institutes of Health (NIH) is a good comparison. The NIH, with a budget of about $37 billion a year, has developed lifesaving drugs and treatments that Americans—and people around the world—rely on every day. It’s a great model, and an example of the ambition we need for climate change. And although quintupling an R&D budget sounds like a lot of money, it pales in comparison to the size of the challenge—and it’s a powerful indicator of just how seriously a government takes the problem.
Investing in research and development to fight climate change is important, but governments are not doing enough. They only spend about $22 billion a year on clean energy R&D, which is only a small part of the world's economy. The US, which invests the most in clean energy research, only spends about $7 billion a year. To compare, people in the US spend more money on gas in just one month. A good example to follow is the National Institutes of Health (NIH), which has a budget of $37 billion a year and has created important medicines that people all over the world use every day. This is the level of ambition we need for climate change. Although it might seem like a lot of money to increase an R&D budget by five times, it's still small compared to the size of the problem and shows how serious a government is about it.


Gates, Bill. How to Avoid a Climate Disaster (p. 200). Penguin Books Ltd. Kindle Edition.
Gates, Bill. How to Avoid a Climate Disaster (p. 200). Penguin Books Ltd. Kindle Edition.

Latest revision as of 07:51, 12 February 2023

Investing in research and development to fight climate change is important, but governments are not doing enough. They only spend about $22 billion a year on clean energy R&D, which is only a small part of the world's economy. The US, which invests the most in clean energy research, only spends about $7 billion a year. To compare, people in the US spend more money on gas in just one month. A good example to follow is the National Institutes of Health (NIH), which has a budget of $37 billion a year and has created important medicines that people all over the world use every day. This is the level of ambition we need for climate change. Although it might seem like a lot of money to increase an R&D budget by five times, it's still small compared to the size of the problem and shows how serious a government is about it.

Gates, Bill. How to Avoid a Climate Disaster (p. 200). Penguin Books Ltd. Kindle Edition.

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