(SUMMIT NEWS) – Speaking with the World Economic Forum Wednesday, Bill Gates called for an aggressive implementation of carbon taxes in order to force middle income countries to fundamentally alter their entire industry sectors.
Gates declared that “The rich countries have to play a central role, both funding RND and having policies, in some cases carbon taxes will be used to drive the demand for these clean products.”
He continued, “Only by doing that in an aggressive way will the economic costs be brought down enough that we can turn to all the middle income countries and say ‘OK, change your whole cement industry, change your whole steel industry.’”
