Bill Gates says nuclear power is the key to solving climate change

Speaking to a group of international energy executives at the IHS CERAWeek conference this week, Microsoft (Nasdaq: MSFT) Chairman Bill Gates called nuclear power the most economically viable way to combat climate change.

“The only way to solve the climate challenge is have some source of energy that’s economic,” Gates was quoted as saying in Reuters. Gates, a primary investor in the nuclear reactor development company Terra Power, dismissed wind and solar power as unproven without the necessary large-scale energy storage systems required to make them viable.

Gates issued a call to make nuclear power more safe and reliable. "Post-Fukushima, people are expecting to take some of the instabilities out of the design of nuclear reactors," he said, according to Reuters. Gates also called for the US government to “put a lot more into innovation.

“When we get a carbon tax we should put some of that into innovation,” he said. According to Reuters, the Congressional Budget Office says the DOE spent just $3.4 billion on research and development in 2012, down from an inflation-adjusted $10 billion in 1980.

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