When it comes to climate change, Bill Gates considers himself a realist - even if that means admitting the world has no chance limiting warming to 1.5 degrees Celsius.
Given "the overall scale of our industrial economy … we're going to have to do mind-blowing work to stay below 2 degrees," he said.to be "the first to say it," but the math shows it's no longer within reach, Gates said in a video interview with Reuters.
He transferred $20 billion of his funds to the Gates Foundation's endowment, which plans to increase philanthropic spending on public health and education from $6 billion to $9 billion in coming years. Companies need investment and technical support to prove their low-carbon ideas beyond the pilot phase - and then to scale up manufacturing, he says. But any Breakthrough Energy profits are funneled back into the group or to the foundation.
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