21 Nov '11, 11am

Bill Gates: US government should triple green energy investment

Bill Gates has urged the US government to triple its investment in green technologies to $16bn annually, warning the country is lagging behind China, France and Canada in its efforts to develop a low-carbon economy. Writing for the journal Science on Friday, the Microsoft chairman said the US government should restore investment in energy research and development, which has fallen to $5bn a year during the past three decades. FURTHER READING Rich nations 'give up' on new climate treaty until 2020 IPCC: climate change set to worsen extreme weather Citing a recent report by the American Energy Innovation Council, Gates said the government could pay for the increased investment by reducing or eliminating current subsidies to well-established energy industries, diverting a portion of royalties from domestic energy production, collecting a small fee on electricity sales, or imp...

Full article: http://www.businessgreen.com/bg/news/2126458/gates-govern...

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