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6.64 | 202.64 | emissions by 2050. he supports president biden's
decision to rejoin the paris climate agreement but |
5.36 | 209.28 | is asking the administration to massively increase
the budget for climate and clean energy research |
5.92 | 214.64 | to 35 billion dollars a year you've said
that governments need to do the hard stuff |
3.76 | 220.56 | but not just go after the low-hanging
fruit what's low-hanging fruit |
6.32 | 224.96 | passenger cars part of the electric generation
with renewables the things everybody knows about |
6.24 | 231.28 | that's getting almost all the money not the hard
parts which is the industrial piece including the |
6.96 | 237.52 | steel and cement those pieces we've hardly started
to work on no one thinks much about cement and |
6.48 | 244.48 | steel but making it accounts for 16 percent of all
carbon dioxide emissions and the demand is only |
5.92 | 250.96 | growing the world will add an estimated two and
a half trillion square feet of buildings by 2060 |
6.4 | 257.52 | that's the equivalent to putting up another new
york city every month for the next 40 years so one |
5.68 | 263.92 | innovative company gates has been pouring money
into is carbon cure they inject captured carbon |
7.68 | 269.6 | dioxide into concrete what they do is they stick
co2 in here and the cement and they mix them up |
4.48 | 277.84 | and so you're able to actually get rid
of some co2 by sticking it in the cement |
5.28 | 283.36 | right now they get rid of about five percent but
they have a next generation they can get to 30 |
4.72 | 288.64 | percent the carbon has been just injected into
this so it's captured it so it's not going to be |
4.8 | 293.36 | released into the atmosphere that's right gates
has already invested two billion dollars of his |
6.72 | 298.16 | own money on new green technologies and plans
to spend several billion more in 2016 he also |
5.84 | 304.88 | recruited jeff bezos mike bloomberg and nearly two
dozen other wealthy investors to back a billion |
6.08 | 310.72 | dollar fund called breakthrough energy ventures
making long-term often risky investments in |
6.56 | 316.8 | promising technologies it kind of blows my mind
you know what's the cost of making that stuff |
5.04 | 323.36 | gates regularly consults with the fund's team
of top scientists and entrepreneurs who've so |
6.64 | 328.4 | far invested in 50 companies with cutting-edge
ideas to reduce carbon emissions what's like |
4.88 | 335.04 | the most far-flung idea you've backed there's
one that's so crazy it's even hard to describe |
6.48 | 342.08 | it's so crazy it's hard to describe even yeah
how do you pitch that to investors they find |
6.08 | 348.56 | geological formations and they just pump water
down into them the energy they've used uh to |
5.52 | 354.64 | pump it in then they can draw that energy back
out so it's it's a water pressure storage thing |
6.08 | 360.16 | which you know when i first thought i thought
that can't work but but you gave money to it |
6.08 | 366.24 | yeah lots of money because cows account for
around four percent of all greenhouse gases gates |
6.24 | 372.32 | has invested in two companies making plant-based
meat substitutes impossible foods and beyond meat |
5.04 | 379.28 | but farming the vegetables used to make
many meat alternatives emits gases as well |
4.88 | 384.32 | so gates is also backing a company that's
created an entirely new food source |
6.88 | 389.84 | this company nature's find is using fungi
and then they turn them into sausage and |
6.48 | 396.72 | yogurt pretty amazing when you say fungi do you
mean like a mushroom or a microbe it's a microbe |
5.12 | 403.2 | the microbe was discovered in the ground in
a geyser in yellowstone national park without |
5.36 | 408.32 | soil or fertilizer it can be grown to produce
this nutritional protein that can then be turned |
5.76 | 413.68 | into a variety of foods with a small carbon
footprint this is the yogurt oh this is good |
5.76 | 420.72 | wow i've had like cashew yogurt or oat yogurt it's
sort of along those lines yeah with the burgers |
4.24 | 427.68 | they're you know like beyond impossible they're
getting close to real thing but you can still tell |
7.68 | 432.64 | these i'm not sure i could tell no i'm more
of a burger expert than i am a yogurt gates |
5.28 | 440.32 | never planned to focus on climate change but while
working in africa with the foundation he started |
6 | 445.6 | with his wife melinda in 2000 he came to see just
how vulnerable those in developing countries are |
6.32 | 451.6 | to the effects of rising temperatures so 15 years
ago gates started educating himself on climate |
5.2 | 457.92 | change bringing scientists and engineers to his
office in seattle for what he calls learning |
6.4 | 463.12 | sessions he also reads voraciously books and
binders full of scientific research yeah so |
5.52 | 469.52 | this is the most recent one which is about clean
hydrogen so you're reading thousands of pages |
8.08 | 476.16 | every few days on topics yeah my reading is is
key and then asking questions when it it doesn't |
6.64 | 484.24 | make sense gates isn't just looking to cut future
carbon emissions he's also investing in direct air |
6.72 | 490.88 | capture an experimental process to remove existing
co2 from the atmosphere some companies are now |
6.48 | 497.6 | using these giant fans to capture co2 directly
out of the air gates has become one of the world's |
5.84 | 504.08 | largest funders of this kind of technology but of
all his green investments gates has spent the most |
6.4 | 509.92 | time and money pursuing a breakthrough in nuclear
energy arguing it's key to a zero-carbon future |
4.96 | 517.12 | he says he's a big believer in wind and solar and
thinks it can one day provide up to 80 percent of |
5.44 | 522.08 | the country's electricity but gates insists
unless we discover an effective way to store |
6.48 | 527.52 | and ship wind and solar energy nuclear power will
likely have to do the rest energy from nuclear |
5.28 | 534 | plants can be stored so it's available when the
sun isn't shining and the wind isn't blowing |
5.44 | 539.28 | were you always a big proponent of nuclear
in 2008 he founded terrapower a company that |
7.6 | 544.72 | has redesigned a nuclear reactor this is your
prototype exactly terrapower's naturing reactor |
5.36 | 552.32 | uh this is a rendering we haven't built it
yet but here's the nuclear island right here |
5.36 | 557.68 | this is the reactor exactly gate says
terrapower's reactor is less expensive to build |
6 | 563.04 | produces less waste and is fully automated
reducing the potential for human error gates |
4.72 | 569.04 | and director of engineering lindsey boles showed
us what they say is another key to its safety |
5.76 | 574.48 | what is it that we're looking at here so these
individual fuel pins are actually where the |
5.6 | 580.24 | uranium fuel is and that's what generates all the
heat in our natrium reactor this is what everybody |
6.64 | 585.84 | is worried about yes exactly in a normal reactor
it's water that's flowing past and heating up |
6.64 | 593.04 | and it'll boil and generate a lot of high pressure
that high heat and pressure can cause an explosion |
6.64 | 599.68 | like in chernobyl in 1986 when radioactive
material was spread for thousands of miles but |
5.84 | 606.32 | gates says the pteropower reactor won't use water
to cool down the fuel rods they plan to use liquid |
7.04 | 612.16 | sodium the liquid sodium can absorb a lot more
heat and so we we don't have any high pressure |
6.56 | 619.84 | inside the reactor in october the department of
energy awarded terror power 80 million dollars to |
7.12 | 626.4 | build one of the first advanced nuclear reactors
in the u.s nuclear power can be done in a way that |
6.96 | 633.52 | none of those uh failures of the past would
recur because just the physics of how it's built |
5.68 | 641.2 | i admit convincing people of that will be
almost as hard as actually building it but |
6.8 | 646.88 | since it may be necessary to avoid climate change
we shouldn't give up you've been criticized for |
5.36 | 653.68 | being a technocrat saying technology is the only
solution for for tackling climate change there |
5.28 | 659.04 | are other people say look the solution's already
there it's just government policy is what really |
6.48 | 664.32 | needs to be focused on i wish that was true i
wish all this funding of these companies wasn't |
6.48 | 671.92 | necessary at all without innovation we will not
solve climate change we won't even come close |
5.2 | 679.36 | gates credits young activists for keeping
climate change in the headlines but he knows some |
6.88 | 684.56 | consider him an imperfect ally are you the right
messenger on this because you fly private planes |
4.48 | 691.44 | a lot and you're creating a lot of greenhouse
gases yourself yeah i'd probably have one of |
6.24 | 695.92 | the highest greenhouse gas footprints
of anyone on the planet you know my my |
10.56 | 702.16 | personal flying uh alone is gigantic now i'm
spending quite a bit uh to buy aviation fuel |
5.84 | 713.28 | uh that was made with plants you know i switched
to an electric car i've used solar panels |
6 | 720.16 | i'm paying a company that actually at a very high
price can pull a bit of carbon out of the air |
5.6 | 726.16 | and stick it underground and so i'm offsetting
my personal emissions those are called carbon |
6.56 | 731.76 | offsets right so you know it's costing like 400 a
ton it's like 7 million dollars so you're paying 7 |
7.28 | 738.32 | million a year to offset your carbon footprint yep
he's encouraging others who can afford it to buy |
6.08 | 745.6 | carbon offsets and green products so that what he
calls the green premium the added production costs |
6.88 | 751.68 | for reducing carbon emissions will go down and
quality of products up driving the innovations |
8.8 | 758.56 | that may get us to zero it just seems overwhelming
if every aspect of our daily life has to change it |
6.72 | 767.36 | can seem overwhelming but you are optimistic yeah
there are days when it looks very hard if people |
5.68 | 774.08 | think it's easy they're wrong if people think
it's impossible they're wrong it's possible it's |
5.68 | 779.76 | possible but it'll be the most amazing thing
mankind has ever done that's what it has to |
6.64 | 785.44 | be yeah it's an all-out effort you know like a
world war but it's us against greenhouse gases |
3.84 | 797.04 | bill gates advice on how to
combat mistrust in science |
5.92 | 800.88 | at 60 minutesovertime.com sponsored by pfizer |
6.729 | 0.05 | sixty minutes rewind it's been quite a |
4.05 | 4.799 | week for Arkansas Governor Bill Clinton |
4.261 | 6.779 | on Monday his picture was on the cover |
3.66 | 8.849 | of Time magazine anointed by the press |
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