Gates on energy: IT revolution has warped our minds
NATIONAL HARBOR, Md.--Even with the exciting work being done on energy at countless labs and startups, Bill Gates isn't counting on a repeat of what happened with info tech.
Speaking at the ARPA-E Energy Innovation Summit here today, Gates argued that the amount of government funding for energy research and development should be doubled to speed the pace of innovation.
Even with a massive increase in research and other policy mechanisms, such as a tax on carbon emissions, Gates said energy moves slowly just by its nature. Unlike IT, the energy industry is capital-intensive and heavily regulated, and … Read more