The Bill and Melinda Gates Foundation focuses closely on climate challenges, and 2024 will be a pivotal year for climate change. Former Microsoft (MSFT) President and CEO Bill Gates joins Yahoo Finance's Julie Hyman and Brian Sozzi from the World Economic Forum in Davos, Switzerland to discuss climate challenges and the impact that the 2024 election could have on climate change in the United States.
2024 election and climate impact
""I'm a huge believer in more generosity to poor countries, to help them with their climate challenges,"" Gates said. ""The U.S. government is the biggest player, and getting the group in that maintains generosity, spends that money well for health challenges and climate challenges. I hope we achieve that.""
Collaboration with current administration
""In both health and climate, they've been very engaged. I'm one voter, you might guess how I'm going to vote, but we've been able to work with every administration,"" Gates explained. ""It's human charity, it's caring, it's creating a stable world. So hopefully we can make the case no matter who's elected.""
Inflation Reduction Act
""The IRA has helped these early stage companies that my group called Breakthrough Energy has funded over a hundred of those companies,"" Gates said. ""And I'd say about 30 of them are able to go build pilot plants aggressively, because with the tax credit, they get bootstrap.""
It's all part of Yahoo Finance's exclusive coverage from the World Economic Forum in Davos, Switzerland, where our team will speak to top decision-makers as well as preeminent leaders in business, finance, and politics about the world’s most pressing issues and priorities for the coming year.
Editor's note: This article was written by Zach Faulds."
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