Fossil Fuels Help the Poor, Bill Gates Recognizes

People living in the world’s poorest regions “desperately need cheap sources of energy now to fuel the economic growth that lifts families out of poverty. They can’t afford today’s expensive clean energy solutions, and we can’t expect them wait for the technology to get cheaper,” Bill Gates said recently. Alex Epstein discusses Gates’s remarks and their context in a recent article for Forbes. Epstein discusses the issue at length and summarizes his own view: “Life has gotten much better in poor countries with massively increased fossil fuel use.”

Gates also believes that “we” (by which I suppose he means government) should invest in research to “make fossil fuels cleaner and make clean energy cheaper than any fossil fuel.” I oppose government forcibly seizing wealth for the purpose, but obviously private R&D can be great. Gates himself is funding research into nuclear energy.