The billionaire and climate advocate says the country might have to sit out the next 15 years of nuclear energy development because of political wrangling.
Technology billionaire, philanthropist and climate advocate Bill Gates says a lack of political support means Australia will have to sit out the next 15 years of development in nuclear energy – despite his view that it is essential to the global aims of decarbonising power grids.
Mr Gates – still one of the world’s richest men, despite giving billions of dollars away each year through his charitable foundation – has funded a nuclear fission company called TerraPower. This is trying to build smaller-scale nuclear plants to help cut carbon emissions, and he said these were very safe and cheap on paper.
He has been meeting Australian prime ministers since 1992 when he sought to persuade Paul Keating that “information superhighways” – pre-widespread internet availability – would help develop the nation’s economy. “Both agriculture and clean tech are areas where Australia is both very lucky in terms of its geography, and has an intellectual pool that will help create a lot of companies.
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