That’s a big government solution from one of capitalism’s most successful businessmen, and Gates goes on to argue that state procurement policies must also be used to support carbon free technologies, for instance in the purchase of military vehicles. The reality that some of these projects will fail must be accepted. He emphasises that this requires the right government policies and that state funding will be needed in addition for risky “bigger bets on high-risk, high reward” projects that might fail or be too slow to pay off to attract private sector support.
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