Why Bill Gates Believes That Climate Tech Will Be The Future For Investors?
Being the world’s 4th richest person (according to Forbes), Gates needs not being overpositive in earning from climate investments. But he still sees a sea of opportunities for those wanting to benefit from this field.
Gates predicts: "There will be 8 Tesla, 10 Tesla in the future. And today we only know one of them."
The value of Elon Musk’s electric car enterprise doubled year-over-year, increasing by 2,000% compared to 5 years ago.
"Everybody who invests in Tesla is very smart," says Gates. He predicts that this achievement will spread to a wide range of companies in the near future.
"You know, there's going to be companies the size of Microsoft, Google, and Amazon emerging out of this field," Gates claims.
A venture capital firm based in Princeton, New Jersey, SOSV specializes in early-stage climate-tech start-up investments.
Bill Gates invests in clean technology through his company Breakthrough Energy Ventures, where Amazon founder Jeff Bezos, Michael Bloomberg and Ray Dalio are also investors.
He also added that today's market is like "the early days of computer software and technology".
Gates said much of the industry is "in the experimental stage," so investors will need to be cautious in assessing the viability of a business idea.
In addition, many projects will require huge investments before proving effective.
Techs like nuclear fusion, nuclear fission and energy storage, he said, require "hundreds of millions, or, in the case of nuclear, billions" of dollars and "You're not sure whether those techs are viable."
He said that those wanting to invest in the sector with less risk can "finance the solar sector."
Meanwhile, direct air carbon capture, hydrogen, steel, and aviation fuels are more unpredictable.
"We have a high chance to fail," Gates said. But there's also a lot of talk that "we have probability of success," especially with reasonable government support.
"If someone can't afford to take the risk, or if they expect a short-term return, then you know, maybe they should look elsewhere," Gates said.
H/T: The National Interest
The optimistic perspective
Source: Reuters
Gates predicts: "There will be 8 Tesla, 10 Tesla in the future. And today we only know one of them."
The value of Elon Musk’s electric car enterprise doubled year-over-year, increasing by 2,000% compared to 5 years ago.
"Everybody who invests in Tesla is very smart," says Gates. He predicts that this achievement will spread to a wide range of companies in the near future.
"You know, there's going to be companies the size of Microsoft, Google, and Amazon emerging out of this field," Gates claims.
Source: Getty Images
A venture capital firm based in Princeton, New Jersey, SOSV specializes in early-stage climate-tech start-up investments.
Bill Gates invests in clean technology through his company Breakthrough Energy Ventures, where Amazon founder Jeff Bezos, Michael Bloomberg and Ray Dalio are also investors.
A word of warning
Despite being optimistic, Gates thinks that a large amount of investors' money will be swept away when participating in this field, similar to when the Internet bubble burst before.He also added that today's market is like "the early days of computer software and technology".
Gates said much of the industry is "in the experimental stage," so investors will need to be cautious in assessing the viability of a business idea.
In addition, many projects will require huge investments before proving effective.
Techs like nuclear fusion, nuclear fission and energy storage, he said, require "hundreds of millions, or, in the case of nuclear, billions" of dollars and "You're not sure whether those techs are viable."
Source: Getty Images
He said that those wanting to invest in the sector with less risk can "finance the solar sector."
Meanwhile, direct air carbon capture, hydrogen, steel, and aviation fuels are more unpredictable.
"We have a high chance to fail," Gates said. But there's also a lot of talk that "we have probability of success," especially with reasonable government support.
"If someone can't afford to take the risk, or if they expect a short-term return, then you know, maybe they should look elsewhere," Gates said.
H/T: The National Interest
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