11 May '11, 8am

Bill Gates on energy philanthropy, R&D funding, & why the U.S. will out-innovate China

Bill Gates on energy philanthropy, R&D funding, & why the U.S. will out-innovate China

A lot of the figures that are thrown around about China are sort of these bogeyman, oh-we-should-feel-bad type things. China's very important, and China can be part of the solution here. ... in China, the amount of total power in the next 20 years is going up by a factor of four. ... The idea that the Chinese are going to come up with these innovations, unfortunately, it's not the case. ... The great innovation, the power to innovate in the sciences, including in energy, the U.S. still has a dominant position. And so mostly, if you'll dig into these statistics about solar companies, for example, a lot of the innovation's being done in the United States. The manufacturing is lower because of land value and various things; a lot of manufacturing's going on there [in China]. But the innovation, we really still have to count on wherever the top universities are for that work t...

Full article: http://www.grist.org/climate-energy/2011-05-11-bill-gates...

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