{"id":1102658,"date":"2019-02-28T13:30:05","date_gmt":"2019-02-28T13:30:05","guid":{"rendered":"https:\/\/dailyreckoning.com\/?p=106824"},"modified":"2019-02-28T13:30:05","modified_gmt":"2019-02-28T13:30:05","slug":"bill-gates-is-100-correct-about-climate-change","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1102658","title":{"rendered":"Bill Gates is 100% Correct About Climate Change\u2026"},"content":{"rendered":"

This post Bill Gates is 100% Correct About Climate Change\u2026<\/a> appeared first on Daily Reckoning<\/a>.<\/p>\n

Today I bring to you an interesting story of two billionaires\u2026<\/p>\n

Both of whom have terrific intentions for helping the human race combat global warming.<\/p>\n

What you’ll find interesting about these two men is that despite their good intentions, both have very different views on how to solve the problem.<\/p>\n

However, after some thorough research myself, I’ve uncovered that only one of these men’s views actually makes sense. And as informed investors, we have the ability to (continue) profiting as these two men fight to save our planet\u2026<\/p>\n

In This Corner \u2014 Billionaire #1 Jeremy Grantham<\/h3>\n

Maybe you have heard of Jeremy Grantham. Maybe you haven’t.<\/p>\n

What you need to know about this billionaire is that he is one of the best macro-level investors of the past half century.<\/p>\n

Grantham is especially prescient about sounding the alarm bells on dangerous financial market bubbles before they pop. Investors listening to Grantham would have avoided the crash in 1987, the Dot.com crash in 2000 as well as the real estate and stock market crashes of 2008.<\/p>\n

His track record is one that proves his opinions should be considered carefully.<\/p>\n

Today, Grantham is ringing the alarm bell again. This time Grantham doesn’t see a bubble in the financial markets, he sees a bubble in the number of human beings on this planet.<\/p>\n

Grantham believes that planet Earth will soon have an unsustainable number of mouths to feed.1<\/sup><\/p>\n

\"World<\/p>\n

Grantham’s view is based on his belief that global warming is going to cause serious food shortages.<\/p>\n

According to Grantham, rising sea levels are going to flood key rice growing farmland in several enormously populated river areas. That hit to global food supply \u2014 combined with a rapidly growing population in those same areas \u2014 will be catastrophic.<\/p>\n

Grantham’s investment response to this was to divest anything that he owns tied to the oil and gas industry. His belief is that the transition towards renewables is going to happen with shocking speed in the coming years due to the growing seriousness of global warming.<\/p>\n

For some perspective on Grantham’s conviction level, consider the fact that he is donating 98 percent<\/strong> of his net worth to save the Earth from the consequences of climate change.<\/p>\n

In The Other Corner \u2014 Billionaire #2 Bill Gates<\/h3>\n

You know Bill Gates. I know Bill Gates. Everybody knows Bill Gates.<\/p>\n

When you have a net worth of almost $100 billion, your name gets out there!<\/p>\n

Like Jeremy Grantham, Bill Gates believes that climate change is a problem.<\/p>\n

And like Grantham, Bill Gates is trying to help stop climate change through a $1 billion investment fund that is seeking solutions.<\/p>\n

Unlike Grantham, however, Gates doesn’t believe that the oil and gas industry is going away anytime soon.<\/p>\n

In fact, Gates believes that the energy provided from oil and gas is going to continue to be quite important. Gates views intermittent renewable energy sources like wind and solar as not even close to being a realistic solution.<\/p>\n

According to Gates, the problem with these renewable energy sources is that they simply aren’t reliable. When the sun isn’t shining and the wind isn’t blowing there isn’t any power. Because they provide intermittent power, these sources of energy require storage and according to Gates, current battery storage capability for them is “woefully deficient.”<\/p>\n

To be a real replacement for oil and gas, Gates believes that renewables need a miracle.<\/p>\n

Gates is Right\u2026 And He’s Got the Stats to Back It Up<\/h3>\n

Bill Gates desperately wants the world to wake up and realize that finding renewable energy is just part of the equation.<\/p>\n

That’s because as he astutely points out, greenhouse gas emissions actually come from several sources:<\/p>\n