Research Development

: Mr Gates, the founder of Microsoft, said great innovation was still needed to make energy in a way that would reduce carbon dioxide emissions significantly, according to The Independent. And this would only be achieved if governments spent tens of billions of dollars on research and development into new renewables, he said. And he said: Over the next five years, there a good chance that will double. Because there so much uncertainty and there are so many different paths, it should be like the Manhattan Project and the Apollo Project in the sense that the government should put in a serious amount of R&D, he told the FT. The Manhattan Project was the US research programme that led to the creation of the first nuclear bombs. But Mr Gates also suggested savvy private investors stood to make a fortune in the renewable industry in much the same way as those who picked the right firms at the dawn of the computer age. It ultimately employed 130,000 people and cost more than $23bn in today prices. (news.financializer.com). As reported in the news.