'Not crazy to be optimistic' on climate tech, Gates tells investors

An enforced reversion to a pre-Industrial society is not politically viable. So innovation is our best option. Many of these technologies are game-changing parts of the future. Or even the present - harvesting water from atmospheric vapour has been happening for a while, supporting agriculture. Tech has made everyone rich on a VC basis (that is with an expectation of a high failure rate). So there is no reason to shy away from experimental green tech, even if some of it seems a bit Laputan.

Left to their own devices, politicians couldn't bake a cake, never mind save the planet. They are more likely to speed climate change with wars. This stuff will have to be done by the private sector. Let's hope we have enough billionaires willing to fund it.

I see quite some parallels to the AI hype, where they think they get it working somehow by scaling up with more and more chips, higher speed or using quantum computing and so on, which is of course nonsense as it won't become functioning intrinsically. And now here on this one, they even dare trying to attract and completely risking the big private investment players' money and also risking all our people's small pensions in those funds, by promoting their irrational and woke greenwashing phantasies. Someone has to stop all those big gambling and the involved high-rollers. It's for sure that they won't change the laws of mathematics and physics at all, and also not in favor of their intentions.

The problem with getting billionaire to fund these things it that since it's their money they want to implement things with their ideals. And since these billionaires view the middle class in the same manner that most people view beggars in front of the shopping mall, the billionaires never do anything for our benefit us - they only ever serve their own interests.

Exactly, TamagoYaki.