Prøve GULL - Gratis

The world must think about why Gates shifted his climate stance

Mint Hyderabad

|

November 10, 2025

The philanthropist has grown sceptical of solving global systemic problems with universal top-down response measures

- ARUN MAIRA

The world must think about why Gates shifted his climate stance

Donald Trump and Bill Gates disagree over whether climate change is a problem. But Gates accepts that the way it is currently being managed is flawed. In his October essay, 'Three Tough Truths about Climate: A New Way to Look at the Problem,' the Microsoft co-founder and philanthropist argues that climate change is not the only problem humanity must address this century to improve the well-being of citizens in the US and around the world. This places Gates closer to the US president's position than before, but they differ on what those other problems are and whether to focus only on the US or the whole world.

In essence, there are five fundamental flaws with the present top-down, scientific (and principally economic) approach to solving global systemic problems:

One, GDP cannot measure the health of a nation: A nation is a complex self-adaptive system composed of three such systems: its natural environment, its human society and its economy. GDP is a measure of only economic growth. Its impact on the health of the other two complex systems, which are essential for sustainable GDP growth, are not reflected accurately (or even at all) in national economic accounts. Growth that does not create more employment and raise incomes adequately at the lower half of the pyramid weakens the economy's foundations. Growth that consumes resources from the natural environment faster than the environment can renew itself soon runs out of resources to feed GDP growth.

FLERE HISTORIER FRA Mint Hyderabad

Mint Hyderabad

Kwatra, Intel CEO talk chips, Al plans

India's ambassador to the US Vinay Mohan Kwatra discussed with Intel chief executive officer (CEO) Lip Bu Tan the company's semiconductor and artificial intelligence (AI) initiatives and plans in India.

time to read

1 min

November 10, 2025

Mint Hyderabad

Can beneficiaries of inequality be the ones who end it?

There is a kind of person the Western press often profiles with the headline: “The Meaning of... (name here).” Zohran Mamdani is that person.

time to read

4 mins

November 10, 2025

Mint Hyderabad

NCLT okays Maruti merger with Guj unit

The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation in which Suzuki Motor Gujarat is being merged with its parent entity Maruti Suzuki India Ltd, the country's largest carmaker.

time to read

1 min

November 10, 2025

Mint Hyderabad

Plunge in Asia’s AI shares sows doubts over rally

The region's sharpest decline since April has been triggered by a tech-led selloff on Wall Street.

time to read

2 mins

November 10, 2025

Mint Hyderabad

Smart-beta funds aim for smarter returns, but do they really deliver?

The funds mix rules and market insights, offering diversification but not assured gains. Here's how to use them

time to read

4 mins

November 10, 2025

Mint Hyderabad

Advent to scale up luxury hotel growth

Advent Hotels International Ltd, the hospitality arm carved out of Valor Estate Ltd (formerly DB Realty), will list as a separate entity on the stock exchanges on 13 November, as it seeks to build a portfolio of luxury and upscale hotels across major Indian cities through a partnership route, an executive said.

time to read

1 min

November 10, 2025

Mint Hyderabad

Mint Hyderabad

Hyundai India eyes homegrown play as rivals turn up heat

Korea's Hyundai Motor that made an aggressive India bet late last century is looking to reinvent itself as a homegrown carmaker, at a time when its coveted market position is under challenge from fierce local rivals.

time to read

1 min

November 10, 2025

Mint Hyderabad

Manipal eyes Dec IPO filing, ₹1 tn valuation

IPO to see primary and secondary fundraising of more than $1 billion

time to read

2 mins

November 10, 2025

Mint Hyderabad

Govt okays 1.5mt sugar exports for season

The export allocation is lower than the 2 mt demanded by industry.

time to read

1 min

November 10, 2025

Mint Hyderabad

Bond yields are flashing amber about the future

Their rise globally despite rates being cut suggests investors are sceptical about growth. Also, central banks may have reason to ponder about what these defiant moves mean for policy

time to read

2 mins

November 10, 2025

Listen

Translate

Share

-
+

Change font size