Lesson 2 Flashcards
What is the goal of dealing with climate change?
Reduce carbon emissions while improving the lives of people.
How do you do this?
Reduce the cost of clean technologies.
Why is this important?
Economics will be the primary driver for most people, not climate change.
How will we do this?
Deploying the current clean technologies and develop new ones.
What are the 5 main sources of greenhouse gases?
Manufacturing (31%)
Electricity (27%)
Agriculture (19%)
Transportation (16%)
Heating and AC (7%)
What are 2 products that have large emissions of CO2 when manufactured?
Steel,
Cement
What are the 2 greenhouse gases created by agriculture?
Methane and Nitrous Oxide
How are these issues linked?
If we can improve the way we make electricity, it may change the way we manufacture.
Historically, how long has it taken to move from one energy source to another (coal → gas)?
50 years
What is a Green Premium?
The higher price early adopters must pay for the new technology.
What is expected to emerge in the next few decades?
Middle income countries.
What is important about middle-income economies?
New technologies must be affordable for them.
What is Breakthrough Energy?
https://breakthroughenergy.org/
Founded by Bill Gates and 27 other rich investors.
Solve the 5 big challenges.
Who is the Chairman and CEO?
Abigail P Johnson
What is Abigail Johnson’s background?
G’daughter of the founder of Fidelity
Billionaire: she owns 24.8% of Fidelity. Her family owns another 25%.