Bill Gates thinks the 1% should foot the bill for renewable energy, and he's offering the first $2B.

He also has some insights into social welfare and the problems with the private sector.

Whatever you might think of him, Bill Gates is a man who knows a thing or two about a thing or two.

After all, he is the richest man in the world. And while money isn't necessarily an indication of intelligence, he's clearly doing something right.

(I don't say this lightly either; I've been a loyal Apple user for 22 years, and even I can admit the guy's had a few good ideas here and there.)


But when Gates says something like "We need an energy miracle," he's got my attention.

Gates recently sat down for a lengthy interview with The Atlantic about energy, the economy, and innovation.

Specifically, he talks about the relationships between research and development (R&D) and public versus private funding and how a historical look at the radical advancements in cancer treatment, the Internet, and more could serve as a guide for the future of the clean energy industry.

Sure, there are some people who have interpreted the article as an attempt by Gates to justify his refusal to divest from anything related to the fossil fuel industry. But at least in this case, he's putting his money where his mouth is.

Photo by TNS Sofres/Flickr.

Gates has committed $2 billion of his own to incentivize clean energy R&D, and he thinks others should do the same.

Here's a problem with investment strategies: Venture capitalists are looking for a return. And they usually want it fast, and they want it to be bigger than the cash that they put up in the first place.

Gates points out that this money-as-sole-incentive approach is kinda BS when the future of the planet is at risk. Instead, the people like him who can afford to take risks should be the ones doing so — even if the ROI doesn't come through quite as quick or strong as some hip tech startup.

Of course, there's more than one kind of clean energy and no guarantee of which works best. So Gates says fund 'em all!

There's no clear consensus on the most effective form of renewable energy — another factor that keeps those potential risk-taking investors away. After all, why should they throw their money at hydroelectric power if solar's going to end up running the market? And then what happens in another 100 years when wind power emerges as the best option?

Unfortunately, we can't make those perfect predictions until we've done more research and development, which is why Gates says we should take those risks while we still can and invest in everything that might help us to combat the climate crisis.

But should that funding come from private or public sources? Gates says: Why not both, like everything else?

"U.S. government R&D has defined the state of the art in almost every area," Gates says, pointing to the development of nuclear energy, hydropower, shale-gas, and more. He argues that, historically speaking, most advancements of the 20th century came from government incentivizing the private sector, which in turn then invested in the people (because when profit is the only motivator, altruism is often left behind).

That being said: It's not up to the U.S. to fix the climate problem alone.

It's easy for individuals and countries alike to say, "Well, one electric car isn't going to make that much of a difference anyway," or "Who cares if an island nation of 1,400 people runs on entirely sustainable energy?" Which, hey, might be a valid point.

But the change has to start somewhere, right? We've already wasted too much time waiting for someone else to take the lead, which only allows for the problem to get worse. (Spoiler alert: It has.)

The whole interview is worth a read. It's an eye-opening look at the intersections of energy and economics.

A lot of the issues he addresses about the current climate threat boil down to the never-ending debate between public and private sectors, between capitalism and socialism. But as Gates rightly points out, those issues are not nor have they ever been black and white.

(Gates does, of course, point out that companies like IBM and Google are the random flukes that keep the venture capital machine going.)

If you want to make a difference, join us in demanding that our world leaders take action at the upcoming Paris climate talks.

Maybe that way we won't be have to choose between cash or the survival of the human race as our only two choices for return-on-investment. Because if "life itself" is not incentive enough to inspire innovation, what else is left to do?

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Courtesy of Macy's

In many ways, 18-year-old Idaho native, Hank Cazier, is like any other teenager you've met. He loves chocolate, pop music, and playing games with his family. He has lofty dreams of modeling for a major clothing company one day. But one thing that sets him apart may also jeopardize his future is his recent battle against a brain tumor.

Cazier was diagnosed in 2015. When he had surgery to remove the tumor, he received trauma to his brain and lost some of his motor functionality. He's been in physical, occupational, and speech therapy ever since. The experience impacted Cazier's confidence and self-esteem, so he's been looking for a way to build himself back up again.

"I wanted to do something that helped me look forward to the future," he says.

Enter Make-A-Wish, a nonprofit organization that grants wishes for children battling critical illnesses, providing them a chance to make the impossible possible. The organization partnered with Macy's to raise awareness and help make those wishes a reality. The hope is that the "wish effect" will improve their quality of life and empower them with the strength they need to overcome these illnesses and look towards the future. That was a particularly big deal for Cazier, who had been feeling like so many of his wishes weren't going to be possible because of his critical illness.

"In the beginning, it was hard to accept that it would be improbable for me to accomplish my previous goals because my illness took away so many of my physical abilities," says Cazier. His wish of becoming a model also seemed out of reach.

But Macy's and Make-A-Wish didn't see it like that. Once they learned about Cazier's wish, they knew he had to make it come true by inviting him to be part of the magical Macy's holiday shoot in New York.

Courtesy of Macy's

Make-A-Wish can't fulfill children's wishes without the generosity of donors and partners like Macy's. In fact, since 2003, Macy's has given more than $122 million to Make-A-Wish and impacted the lives of more than 2.9 million people.

Cazier's wish experience was beyond what he could've imagined, and it filled him with so much joy and confidence. "It is like waking up and discovering that you have super powers. It feels amazing!" he exclaims.

One of the best parts about the day for him was the kindness everyone who helped make it happen showed him.

"The employees of Macy's and Make-A-Wish made me feel welcome, warm, and cared for," he says. "I am truly grateful that even though they were busy doing their jobs, they were able to show kindness and compassion towards me in all of the little details."

He also got to spend part of the shoot outdoors, which, as someone who loves climbing, hiking, and scuba-diving but has trouble doing those activities now, was very welcome.

Courtesy of Macy's

Overall, Cazier feels he grew a lot during his modeling wish and is now emboldened to work towards a better quality of life. "I want to acquire skills that help me continue to improve in these circumstances," he says.

You can change the lives of more kids like Cazier just by writing a letter to Santa and dropping it in the big red letterbox at Macy's (you can also write and submit one online). For every letter received before Dec. 24, 2019, Macy's will donate $1 to Make-A-Wish, up to $1 million. By writing a letter to Santa, you can help a child replace fear with confidence, sadness with joy, and anxiety with hope.

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