After Russia cut off its supply of natural gas to Europe, families could be facing a battle for survival during freezing blackouts.
However, it will all be worth it if it means the global power elite can usher in its plans for “clean energy,” according to Gates.
Speaking during an interview on CNBC, Gates suggested that struggling families should stop complaining and try to be more “optimistic” about meeting climate goals.
Gates made the comments while touting his Breakthrough Energy Ventures climate-technology (carbon tax) investment company
“People did get a little optimistic about how quickly the transition could be done,” Gates said.
“Without the Russian natural gas being available in Europe… it’s a setback,” Gates continued.
“We need to find non-Russian hydrocarbon sources to substitute for those so there’s coal plants running and variety of things, because, you know, keeping, you know, people warm, keeping those economies in decent shape is a priority,” Gates asserted.
“Now, on the other hand, it’s good for the long run, because people won’t want to be dependent on Russian natural gas so they’ll move to these new approaches more rapidly.”
.@BillGates on the European energy crisis: “It’s good for the long run, because people don’t want to be dependent on Russian natural gas, so they’ll move to these new approaches, more rapidly” pic.twitter.com/skqczC0VSL
— Tom Elliott (@tomselliott) October 18, 2022
On Tuesday, Gates published a “State of the Energy Transition”
He declared that it should be the responsibility of countries such as the United States, which have prospered from burning fossil fuels, to move to completely decarbonize all sectors of the economy.
He writes “Many countries in Europe and North America filled the atmosphere with carbon to achieve prosperity, and it is both unrealistic and unfair to expect everyone else to forgo a more comfortable life because that carbon turned out to change the climate.”
“I don’t think the market by itself can press reset on an entire economy in just a few decades,” he adds.
“We need a plan to speed the process up.”