Video: Bill Gates Calls For “Aggressive” Carbon Taxes To “Accelerate” Fourth Industrial Revolution
Speaking with the World Economic Forum Wednesday, Bill Gates called for an aggressive implementation of carbon taxes in order to force middle income countries to fundamentally alter their entire industry sectors.
Gates declared that “The rich countries have to play a central role, both funding RND and having policies, in some cases carbon taxes will be used to drive the demand for these clean products.”
He continued, “Only by doing that in an aggressive way will the economic costs be brought down enough that we can turn to all the middle income countries and say ‘OK, change your whole cement industry, change your whole steel industry.’”
“The number of companies working on these things is very exciting,” Gates proclaimed.
He further lamented that “Some of them will fail, a lot of them will fail,” but asserted “we only need a reasonable number, a few dozen of them to make it through and that’s what we have to accelerate.”