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Thndr Claps » U.S. Claps » Tech 📲 » Larry Fink & Bill Gates Think Climate Tech Companies are the Best Investments⚡

Larry Fink & Bill Gates Think Climate Tech Companies are the Best Investments⚡

by Shams Abbas
October 30, 2021

Blackrock CEO Larry Fink said he thinks the next 1,000 unicorns (start-ups worth at least $1 billion) will be involved in climate technology. While Microsoft co-founder Bill Gates believes climate tech will produce 8 to 10 Teslas, & Google, Amazon, & Microsoft-sized companies.

Larry Fink👴 “It is my belief that the next 1,000 unicorns won’t be a search engine, won’t be a media company, they’ll be businesses developing green hydrogen, green agriculture, green steel & green cement,” Fink said Monday at the Middle East Green Initiative Summit in Riyadh, Saudi Arabia.

Bill Gates🧓 Although Gates is bullish on climate tech, he said that a lot of money will get washed away in research & development, just like when the internet bubble popped, comparing the sector to “the early days of software & computing.” He also added that if you are an investor who can’t afford risk or expects near-term returns, you should look elsewhere.”

Huge amounts of capital along with encouraging governmental policies are crucial to the success of climate tech companies going forward.

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