1 00:00:00,000 --> 00:00:20,480 I'm going to talk today about energy and climate. 2 00:00:20,480 --> 00:00:25,520 And that might seem a bit surprising because my full-time work at the foundation is mostly 3 00:00:25,520 --> 00:00:31,640 about vaccines and seeds, about the things that we need to invent and deliver to help the 4 00:00:31,640 --> 00:00:35,920 poorest two billion live better lives. 5 00:00:35,920 --> 00:00:40,280 But energy and climate are extremely important to these people. 6 00:00:40,280 --> 00:00:45,120 In fact, more important than to anyone else on the planet. 7 00:00:45,120 --> 00:00:50,600 The climate getting worse means that many years their crops won't grow. 8 00:00:50,600 --> 00:00:54,040 There'll be too much rain, not enough rain. 9 00:00:54,040 --> 00:00:59,960 Things will change in ways that their fragile environment simply can't support. 10 00:00:59,960 --> 00:01:04,280 And that leads to a surveyation that leads to uncertainty, it leads to unrest. 11 00:01:04,280 --> 00:01:08,280 So the climate changes will be terrible for them. 12 00:01:08,280 --> 00:01:11,400 Also, the price of energy is very important to them. 13 00:01:11,400 --> 00:01:17,000 In fact, if you could pick just one thing to lower the price of to reduce poverty by far 14 00:01:17,000 --> 00:01:19,040 you would pick energy. 15 00:01:19,040 --> 00:01:22,560 Now the price of energy has come down over time. 16 00:01:22,560 --> 00:01:28,960 Really advanced civilization is based on advances in energy. 17 00:01:28,960 --> 00:01:32,800 The coal revolution, the fuel, the industrial revolution. 18 00:01:32,800 --> 00:01:38,440 And even in the 1900s we've seen a very rapid decline in the price of electricity. 19 00:01:38,440 --> 00:01:41,600 That's why we have refrigerators, air conditioning. 20 00:01:41,600 --> 00:01:45,640 We can make modern materials and do so many things. 21 00:01:45,720 --> 00:01:52,600 So we're in a wonderful situation with electricity in the rich world. 22 00:01:52,600 --> 00:01:59,720 But as we make a cheaper and let's say let's go for making it twice as cheap. 23 00:01:59,720 --> 00:02:02,280 We need to mean a new constraint. 24 00:02:02,280 --> 00:02:06,000 And that constraint has to do with CO2. 25 00:02:06,000 --> 00:02:09,400 CO2 is warm in the planet. 26 00:02:09,400 --> 00:02:14,400 And the equation on CO2 is actually a very straightforward one. 27 00:02:14,400 --> 00:02:21,360 If you sum up the CO2 that gets emitted, that leads to a temperature increase. 28 00:02:21,360 --> 00:02:25,360 And that temperature increase leads to some very negative effects. 29 00:02:25,360 --> 00:02:31,360 The effects on the weather perhaps worse the indirect effects in that the natural ecosystems 30 00:02:31,360 --> 00:02:34,000 can't adjust to these rapid changes. 31 00:02:34,000 --> 00:02:36,720 And so you get ecosystem collapses. 32 00:02:36,720 --> 00:02:42,880 Now the exact amount of how you map from a certain increase in CO2 to what temperature 33 00:02:42,960 --> 00:02:45,040 will be and where the positive feedbacks are. 34 00:02:45,040 --> 00:02:48,480 There's some uncertainty there, but not very much. 35 00:02:48,480 --> 00:02:51,680 And there's certainly uncertainty about how bad those effects will be. 36 00:02:51,680 --> 00:02:54,480 But they will be extremely bad. 37 00:02:54,480 --> 00:02:56,640 I asked the top scientists in the several times. 38 00:02:56,640 --> 00:02:59,280 Do we really have to get down to near zero? 39 00:02:59,280 --> 00:03:02,400 Can't we just cut it in half or a quarter? 40 00:03:02,400 --> 00:03:06,240 And the answer is that until we get near to zero, 41 00:03:06,240 --> 00:03:08,640 the temperature will continue to rise. 42 00:03:08,640 --> 00:03:10,400 And so that's a big challenge. 43 00:03:10,400 --> 00:03:15,600 It's very different than saying we're a 12 foot high truck trying to get under a 10 foot bridge. 44 00:03:15,600 --> 00:03:21,440 And we can just sort of squeeze under this is something that has to get to zero. 45 00:03:22,720 --> 00:03:28,160 Now we put out a lot of carbon dioxide every year over 26 billion tons. 46 00:03:28,800 --> 00:03:31,680 For each American, it's about 20 tons. 47 00:03:32,480 --> 00:03:35,120 For people in poor countries, it's less than one ton. 48 00:03:35,120 --> 00:03:39,120 It's an average about five tons for everyone on the planet. 49 00:03:39,280 --> 00:03:43,840 And somehow we have to make changes that will bring that down to zero. 50 00:03:44,880 --> 00:03:46,960 It's been constantly going up. 51 00:03:46,960 --> 00:03:51,520 It's only very a economic changes that have even flattened it at all. 52 00:03:51,520 --> 00:03:56,480 So we have to go from rapidly rising to falling and falling all the way to zero. 53 00:03:57,200 --> 00:04:01,200 This equation has four factors, a little bit of multiplication. 54 00:04:01,200 --> 00:04:04,240 So you've got a thing on the left CO2 that you want to get to zero. 55 00:04:04,960 --> 00:04:07,520 And that's going to be based on the number of people. 56 00:04:08,320 --> 00:04:14,560 The services each person choosing on average, the energy on average for each service, 57 00:04:14,560 --> 00:04:18,800 and the CO2 being put out per unit of energy. 58 00:04:18,800 --> 00:04:23,600 So let's look at each one of these and see how we can get this down to zero. 59 00:04:24,320 --> 00:04:27,440 Probably one of these numbers is going to have to get pretty near to zero. 60 00:04:28,320 --> 00:04:30,960 That's back from high school algebra. 61 00:04:30,960 --> 00:04:32,160 But let's take a look. 62 00:04:33,200 --> 00:04:34,720 First we've got population. 63 00:04:35,280 --> 00:04:38,080 Now the world today has 6.8 billion people. 64 00:04:38,080 --> 00:04:39,760 That's headed up to about 9 billion. 65 00:04:40,320 --> 00:04:46,880 Now if we do a really great job on new vaccines, health care, reproductive health services, 66 00:04:46,880 --> 00:04:49,680 we could lower that by perhaps 10 or 15%. 67 00:04:50,000 --> 00:04:53,680 But there we see an increase of about 1.3. 68 00:04:54,560 --> 00:04:57,120 The second factor is the services we use. 69 00:04:57,600 --> 00:04:59,280 This encompasses everything. 70 00:04:59,280 --> 00:05:03,360 The food we clothing, TV, heating. 71 00:05:03,920 --> 00:05:05,440 These are very good things. 72 00:05:06,080 --> 00:05:11,600 Getting rid of poverty means providing these services to almost everyone on the planet. 73 00:05:11,600 --> 00:05:15,200 And it's a great thing for this number to go up. 74 00:05:15,200 --> 00:05:19,760 In the rich world, perhaps the top 1 billion, we probably could cut back and use less. 75 00:05:19,760 --> 00:05:23,600 But every year this number on average is going to go up. 76 00:05:24,000 --> 00:05:27,120 And so overall that will more than double. 77 00:05:27,120 --> 00:05:29,520 The services delivered per person. 78 00:05:30,240 --> 00:05:32,400 Here we have a very basic service. 79 00:05:32,400 --> 00:05:35,280 Do you have lighting in your house to be able to read your homework? 80 00:05:35,280 --> 00:05:36,960 And in fact these kids don't. 81 00:05:36,960 --> 00:05:40,640 So they're going out and reading their schoolwork under the street labs. 82 00:05:42,400 --> 00:05:46,000 Now efficiency, e, the energy-freeed service, 83 00:05:46,000 --> 00:05:47,920 here finally we have some good news. 84 00:05:47,920 --> 00:05:49,840 We have something that's not going up. 85 00:05:49,840 --> 00:05:52,800 Through various inventions and new ways of doing lighting, 86 00:05:53,440 --> 00:05:58,480 through different types of cars, different ways of building buildings. 87 00:05:58,640 --> 00:06:04,960 There are a lot of services where you can bring the energy for that service down quite substantially. 88 00:06:04,960 --> 00:06:08,640 Some individual services even bring it down by 90%. 89 00:06:08,640 --> 00:06:12,000 There are other services like how we make for a laser, 90 00:06:12,000 --> 00:06:16,800 how we do our transport, where the rooms for improvement are far, far less. 91 00:06:16,800 --> 00:06:19,840 And so overall here, if we're optimistic, 92 00:06:19,840 --> 00:06:26,080 we may get a reduction of a factor of three to even perhaps a factor of six. 93 00:06:26,720 --> 00:06:29,120 But for these first three factors now, 94 00:06:29,120 --> 00:06:34,240 we've gone from 26 billion to it best, maybe 13 billion tons. 95 00:06:34,240 --> 00:06:36,160 And that just won't cut it. 96 00:06:36,160 --> 00:06:38,160 So let's look at this fourth factor. 97 00:06:38,160 --> 00:06:39,280 This is going to be a key one. 98 00:06:39,840 --> 00:06:46,080 And this is the amount of CO2 put out for each unit of energy. 99 00:06:46,080 --> 00:06:49,360 And so the question is, can you actually get that to zero? 100 00:06:50,160 --> 00:06:52,480 If you burn coal, no. 101 00:06:52,480 --> 00:06:55,120 If you burn natural gas, now, almost every way, 102 00:06:55,120 --> 00:07:02,960 we make electricity today except for the emerging renewables and nuclear puts out CO2. 103 00:07:02,960 --> 00:07:08,720 And so we're going to have to do it a global scale is create a new system. 104 00:07:08,720 --> 00:07:10,720 And so we need energy miracles. 105 00:07:11,520 --> 00:07:14,720 Now when I use the term miracle, I don't mean something that's impossible. 106 00:07:15,280 --> 00:07:19,920 You know, the micro-processor is a miracle, the personal computers are miracle, 107 00:07:20,560 --> 00:07:22,800 the internet, net services are a miracle. 108 00:07:22,880 --> 00:07:27,600 So the people here have participated in the creation of many miracles. 109 00:07:28,000 --> 00:07:32,240 Usually we don't have a deadline where you have to get the miracle by a certain date. 110 00:07:32,240 --> 00:07:36,480 Usually you just kind of stand by and some come along, some don't. 111 00:07:36,480 --> 00:07:44,480 This is a case where we actually have to drive it full speed and get a miracle in a pretty tight time line. 112 00:07:45,600 --> 00:07:48,560 Now I thought, how could I really capture this? 113 00:07:48,560 --> 00:07:52,480 Is there some kind of natural illustration, some demonstration 114 00:07:52,560 --> 00:07:54,800 that would grab people's imagination here? 115 00:07:55,360 --> 00:08:01,680 I thought back to a year ago when I brought mosquitoes and somehow people enjoyed that. 116 00:08:03,520 --> 00:08:08,400 It really got them involved in the idea of, you know, there are people who live in the 117 00:08:08,400 --> 00:08:12,960 mosquitoes. So with energy, I like to come up with, is this. 118 00:08:13,920 --> 00:08:20,720 I decided that releasing fireflies would be my contribution to the environment here this year. 119 00:08:21,200 --> 00:08:26,400 So here we have some natural flyflies. I'm told they don't bite in fact they might even 120 00:08:26,400 --> 00:08:27,600 not even leave that jar. 121 00:08:30,960 --> 00:08:37,120 Now there's all sorts of gimmicky solutions like that one, but they don't really add up to much. 122 00:08:37,120 --> 00:08:46,560 We need solutions either one or several that have unbelievable scale and unbelievable reliability. 123 00:08:47,120 --> 00:08:53,600 And although there's many directions or people seeking, I really only see five that can achieve the 124 00:08:53,600 --> 00:09:01,200 big numbers. I've left out tied, geothermal, fusion, flyapules. Those may make some contribution and if they 125 00:09:01,200 --> 00:09:07,680 can do better than I expect, so much the better. But my key point here is that we're going to have to work 126 00:09:07,680 --> 00:09:14,800 on each of these five and we can't give up any of them because they look daunting because they all 127 00:09:14,880 --> 00:09:21,200 have significant challenges. I'll let's look first at the burning fossil fuels either burning coal 128 00:09:21,200 --> 00:09:26,880 or burning natural gas. What you need to do there seems like it might be simple, but it's not. 129 00:09:26,880 --> 00:09:34,160 And that's to take all the CO2 after you burn it going out the flu, pressurize it, create a liquid, 130 00:09:34,160 --> 00:09:39,680 put it somewhere, and hope it stays there. Now we have some pilot things that do this at the 131 00:09:39,680 --> 00:09:46,960 60 to 80 percent level. But getting up to that full percentage, that will be very tricky. And a green 132 00:09:46,960 --> 00:09:53,600 arm where these CO2 quantity should be put will be hard. But the toughest one here is this long-term 133 00:09:53,600 --> 00:10:00,240 issue. Who's going to be sure? Who's going to guarantee something that is literally billions of times larger 134 00:10:00,240 --> 00:10:06,720 than any type of waste you think I've been in terms of nuclear other things. This is a lot of oil. 135 00:10:07,680 --> 00:10:14,160 So that's a top one. Next it'd be nuclear. It also has three big problems. 136 00:10:14,160 --> 00:10:20,080 Costs, particularly in highly regulated countries is high. The issue of the safety, 137 00:10:20,080 --> 00:10:25,840 really feeling good about nothing can go wrong that even though you have these human operators, 138 00:10:25,840 --> 00:10:30,480 that the fuel doesn't get used for weapons. And then what do you do with the waste? 139 00:10:30,480 --> 00:10:35,520 Although it's not very large, there are a lot of concerns about that. People need to feel good about it. 140 00:10:35,520 --> 00:10:41,600 So three very tough problems that might be solvable and so should be worked on. 141 00:10:42,320 --> 00:10:47,360 The last three of the five I've grouped together. These are what people often refer to as the 142 00:10:47,360 --> 00:10:54,000 renewable sources. And they actually, although it's great, they don't quite fuel, they have some 143 00:10:54,000 --> 00:11:02,240 disadvantages. One is that the density of energy gather in these technologies is dramatically 144 00:11:02,320 --> 00:11:06,960 less than a power plant. This is energy farming. So you're talking about many square miles, 145 00:11:06,960 --> 00:11:11,600 thousands of times more area than you think of as a normal energy plant. 146 00:11:12,720 --> 00:11:18,640 Also, these are intermittent sources. The sun doesn't shine all day, it doesn't shine every day, 147 00:11:18,640 --> 00:11:23,280 and likewise the wind doesn't blow all the time. And so if you depend on these sources, 148 00:11:23,280 --> 00:11:29,280 you have to have some way of getting energy during those time periods that it's not available. 149 00:11:29,360 --> 00:11:34,880 So we've got big costs, challenges here. We have transmission challenges. For example, 150 00:11:34,880 --> 00:11:40,800 say this energy sources outside your country, you not only need the technology, but you have to 151 00:11:40,800 --> 00:11:46,320 deal with the risk of the energy coming from elsewhere. And finally, this storage problem. 152 00:11:47,040 --> 00:11:52,560 And to dimensionize this, I went through and looked at all the types of batteries that get made for cars, 153 00:11:52,560 --> 00:11:59,040 for computers, for phones, for flashlights, for everything. And compared that to the amount of 154 00:11:59,040 --> 00:12:04,480 electrical energy the world uses. And what I found is that all the batteries we make now 155 00:12:05,040 --> 00:12:12,480 could store less than 10 minutes of all the energy. And so in fact, we need a big breakthrough here, 156 00:12:12,480 --> 00:12:17,760 something that's going to be a factor of 100 better than the approaches we have now. 157 00:12:18,240 --> 00:12:25,120 It's not impossible, but it's not a very easy thing. Now, this shows up when you try to get the 158 00:12:25,120 --> 00:12:31,440 intermittent source to be above say 20 to 30 percent of what you're using. If you're counting on it 159 00:12:31,440 --> 00:12:40,400 for 100 percent, you need an incredible miracle battery. Now, how are we going to go forward on this? 160 00:12:40,400 --> 00:12:45,280 What's the right approach? Is it a Manhattan project? What's the thing that can get us there? 161 00:12:45,280 --> 00:12:52,080 What we need lots of companies working on this, hundreds in each of these five paths. We need 162 00:12:52,080 --> 00:12:58,800 at least 100 people. And a lot of them, you'll look at and say, they're crazy. That's good. And I think 163 00:12:58,800 --> 00:13:06,320 here in the Ted group, we have many people who are already pursuing this. Bill Gross has several 164 00:13:06,320 --> 00:13:11,040 companies, including one called E-Solar, that has some great solar thermal technology. The 165 00:13:11,040 --> 00:13:17,520 node coast is investing in dozens of companies that are doing great things and have interesting 166 00:13:17,520 --> 00:13:22,400 possibilities. And I'm trying to help back that. I need the Merble, then I actually are 167 00:13:22,400 --> 00:13:28,640 backing a company that perhaps surprisingly is actually taking the nuclear approach. There are some 168 00:13:28,640 --> 00:13:36,080 innovations in nuclear, modular, liquid, and innovation really stopped in this industry quite some time 169 00:13:36,080 --> 00:13:42,080 ago. So the idea that there's some good ideas laying around is not all that surprising. The idea 170 00:13:42,080 --> 00:13:50,480 of a terror power is that instead of burning the part of uranium, the 1% which is the U-235, 171 00:13:50,480 --> 00:13:58,160 we decided, well let's burn the 99%, the U-238. It is kind of a crazy idea. And in fact, people had 172 00:13:58,160 --> 00:14:04,640 talked about it for a long time, but they could never simulate properly whether it would work or not. 173 00:14:04,640 --> 00:14:09,120 And so it's through the advent of modern supercomputers that now you can simulate and see that, 174 00:14:09,120 --> 00:14:16,320 yes, with the right materials approach, this looks like it would work. And because you're burning 175 00:14:16,320 --> 00:14:25,200 that 99%, you have greatly improved cost profile, you actually burn up the waste, and you can actually 176 00:14:25,200 --> 00:14:31,520 use this fuel all the leftover waste from today's reactors. And so instead of worrying about them, 177 00:14:31,520 --> 00:14:37,600 you just take that, it's a great thing. It breeds this uranium as it goes along. So it's kind of 178 00:14:37,600 --> 00:14:42,480 like the candle. You can see it's a log there often referred to as a traveling wave reactor. 179 00:14:42,480 --> 00:14:49,440 In terms of fuel, this really solves the problem. I've got a picture here of a place in Kentucky. 180 00:14:49,440 --> 00:14:54,000 This is the leftover, the 99% where they've taken out the part they burn out, so it's called 181 00:14:54,000 --> 00:14:59,680 depleted uranium. That would power the U-S for hundreds of years. And simply by filtering 182 00:14:59,680 --> 00:15:05,040 seawater in an inexpensive process, you'd have enough fuel for the entire lifetime of the rest of 183 00:15:05,040 --> 00:15:12,720 the planet. So, you know, it's got lots, lots of challenges ahead, but it is an example of the 184 00:15:12,720 --> 00:15:20,480 many hundreds and hundreds of ideas that we need to move forward. So let's think how should we 185 00:15:20,480 --> 00:15:26,480 measure ourselves? What should our report card look like? Well, let's go out to where we really need to 186 00:15:26,480 --> 00:15:34,400 get and then look at the intermediate. For 2050, you've heard many people talk about this 80% reduction 187 00:15:35,120 --> 00:15:41,280 that really is very important that we get there. And that 20% will be used up by things going on 188 00:15:41,280 --> 00:15:47,120 in poor countries, still some agriculture. Hopefully we will have cleaned up forestry cement. 189 00:15:48,000 --> 00:15:56,240 So to get to that 80% the developed countries, including countries like China, will have had to 190 00:15:56,240 --> 00:16:03,760 switch their electricity generation all together. So the other greatest, are we deploying this 191 00:16:03,840 --> 00:16:08,720 zero-emission technology? We've deployed it in all the developed countries and we're in the 192 00:16:08,720 --> 00:16:15,680 process of getting it out elsewhere. That's super important. That's a key element of making that 193 00:16:15,680 --> 00:16:22,480 report card. So backing up from there, let's should the 2020 report card look like. Well, it 194 00:16:22,480 --> 00:16:27,520 again, it should have the two elements. We should go through these efficiency measures to start 195 00:16:27,520 --> 00:16:32,640 getting reductions. The less we emit, the less that sum will be of CO2 and therefore the less the 196 00:16:32,720 --> 00:16:39,440 temperature. But in some ways, the grade we get there doing things that don't get us all the way to 197 00:16:39,440 --> 00:16:45,280 the big reductions is only equally or maybe even slightly less important than the other, which is 198 00:16:45,280 --> 00:16:51,840 the piece of innovation on these breakthroughs. These breakthroughs, we need to move those at full speed. 199 00:16:51,840 --> 00:16:57,200 And we can measure that in terms of companies, pilot projects, regulatory things that have been changed. 200 00:16:57,760 --> 00:17:02,960 There's a lot of great books that have been written about this, the Al Gore book, our choice, 201 00:17:02,960 --> 00:17:08,080 and the David McCy book, the Stainable Energy without the Hot Air. They really go through it and I think 202 00:17:08,080 --> 00:17:13,520 can create a framework that this can be discussed broadly because we need broad backing for this. 203 00:17:14,240 --> 00:17:21,200 There's a lot that has to come together. So this is a wish. It's a very concrete wish that we invent 204 00:17:21,200 --> 00:17:27,600 this technology. If you gave me only one wish for the next 50 years, I can pick whose president, 205 00:17:27,600 --> 00:17:33,200 I can pick a vaccine, which is something I love, or I could pick that this thing that's half the 206 00:17:33,200 --> 00:17:40,000 cost with no CO2 gets invented. This is the wish I would pick. This is the one with the greatest impact. 207 00:17:40,000 --> 00:17:45,040 If we don't get this wish, the division between the people who think short-term and long-term 208 00:17:45,040 --> 00:17:50,320 will be terrible between US and China, between poor countries and rich, and most of all, the 209 00:17:50,320 --> 00:17:58,000 lives of those two billion will be far worse. So what do we have to do? What am I appealing to you 210 00:17:58,000 --> 00:18:05,280 to step forward and drive? We need to go from more research funding. You know, when countries get 211 00:18:05,280 --> 00:18:10,480 together at places like Copenhagen, and they just discussed the CO2, they should discuss this 212 00:18:10,480 --> 00:18:17,280 innovation agenda, and you'd be stunned at the ridiculously low levels of spending on these innovative 213 00:18:17,360 --> 00:18:23,280 approaches. We need to need the market incentives. CO2 tax, cap and trade, something that gets 214 00:18:23,280 --> 00:18:27,360 that price signal out there. We need to get the message out. We need to have this dialogue 215 00:18:27,360 --> 00:18:32,560 to be a more rational, more understandable dialogue, including the steps that the government takes. 216 00:18:33,280 --> 00:18:38,080 This is an important wish, but it is one I think we can achieve. Thank you. 217 00:18:47,600 --> 00:18:58,640 Thank you. Thank you. Thank you. Thank you. Thank you. 218 00:19:00,640 --> 00:19:09,200 I understand more about Terapara. Can you give a sense of what sort of scale of investment this 219 00:19:09,200 --> 00:19:15,600 is? Well, to actually do this software by the supercomputer or higher all the great scientists, 220 00:19:15,680 --> 00:19:21,040 which we've done, that's only tens of millions. Even once we test our materials out 221 00:19:21,840 --> 00:19:27,200 in a Russian reactor to make sure that our materials work properly, then you'll only be up 222 00:19:27,200 --> 00:19:32,320 in hundreds of millions. The tough thing is building the pilot reactor. Finding the several billion, 223 00:19:32,880 --> 00:19:38,560 finding the regulator, the location that will actually build the first one of these. Once you get 224 00:19:38,560 --> 00:19:44,800 the first one built, if it works as advertised, then it's just clear as day because the economics, 225 00:19:45,280 --> 00:19:49,280 energy density, are so different than nuclear as we know it. And so to understand it, 226 00:19:49,280 --> 00:19:55,440 right, this involves building deep into the ground, almost like a vertical kind of column of nuclear 227 00:19:55,440 --> 00:20:01,040 fuel of this sort of spent uranium. And then the process starts at the top and kind of works down. 228 00:20:01,040 --> 00:20:05,360 That's right. Today, you're always refueling the reactor. So you have lots of people and lots of 229 00:20:05,360 --> 00:20:10,240 controls that can go wrong. That thing where you're opening it up and moving things in and out, 230 00:20:10,320 --> 00:20:18,160 that's not good. So if you have very cheap fuel, then you can put 60 years in, just think of it as a 231 00:20:18,160 --> 00:20:24,960 log, put it down and not have those same complexities. And it just sits there and burns for the 60 years 232 00:20:26,080 --> 00:20:31,600 and then it's done. It's a nuclear pop-on that is its own waste disposal solution. 233 00:20:31,600 --> 00:20:37,920 Yeah, well, what happens with the waste? You can let it sit there. There's a lot less waste under the 234 00:20:38,000 --> 00:20:44,560 approach. Then you can actually take that and put it into another one and burn that. And we start out 235 00:20:44,560 --> 00:20:50,240 actually by taking the waste that exists today that's sitting in these cooling pools or dry casking 236 00:20:50,240 --> 00:20:56,320 by reactors. That's our fuel to begin with. So the thing that's been a problem from those reactors 237 00:20:56,320 --> 00:21:01,360 is actually what gets that in the arms. And you're reducing the volume of the waste quite dramatically 238 00:21:01,360 --> 00:21:05,840 as you're going through this process. I mean, you're talking to different people around the world 239 00:21:05,920 --> 00:21:10,480 about the possibilities here. Where is their most interest in actually doing something with this? 240 00:21:10,480 --> 00:21:17,840 Well, we haven't picked a particular place, but there's all these interesting disclosure rules 241 00:21:18,400 --> 00:21:24,960 about anything that's called nuclear. So we've got a lot of interest that people from the company 242 00:21:24,960 --> 00:21:29,600 have been in Russia, India, China. I've been back seeing the Secretary of Energy here talking about 243 00:21:29,600 --> 00:21:36,160 how this fits into the energy agenda. So I'm optimistic. The French and Japanese have done 244 00:21:36,160 --> 00:21:42,880 some work. This is a variant on something that has been done. It's an important advance, but it's 245 00:21:42,880 --> 00:21:47,920 like a fast reactor and a lot of countries have built them. So anybody who's not a fast reactor 246 00:21:47,920 --> 00:21:56,480 is a candidate to be where the first one gets built. So in your mind, time scale and likelihood, 247 00:21:56,480 --> 00:22:03,920 I'll actually take a certain light this life. Well, we need for one of these high-scale electric 248 00:22:03,920 --> 00:22:09,760 electrical generation things that's very cheap. We have 20 years to invent and then 20 years to 249 00:22:09,760 --> 00:22:17,440 deploy. That's sort of the deadline that the environmental models have shown us that we have to meet. 250 00:22:17,440 --> 00:22:24,560 And, you know, tarry power, if things go well, which is wishing for a lot, could easily meet that. 251 00:22:24,640 --> 00:22:29,680 And there are, fortunately now, dozens of companies we need to be hundreds who likewise, 252 00:22:29,680 --> 00:22:35,680 if their science goes well, if the funding for their pilot plans goes well, that they can compete 253 00:22:35,680 --> 00:22:40,960 for this. And it's best if multiple succeed because then you can use a mix of these things. 254 00:22:40,960 --> 00:22:46,400 We certainly need one to succeed. In terms of big scale possible game changes, this is the 255 00:22:46,400 --> 00:22:53,360 biggest that you'll aware about that. An energy breakthrough is the most important thing. 256 00:22:53,360 --> 00:22:56,960 It would have been even without the environmental constraint, but the environmental constraint just 257 00:22:56,960 --> 00:23:04,240 makes that so much greater. In the nuclear space, there are other innovators. We don't know 258 00:23:04,240 --> 00:23:09,760 their work as well as we know this one. But the modular people, that's a different approach. 259 00:23:09,760 --> 00:23:14,640 There's a liquid type reactor, which seems a little hard, but maybe they say about us. 260 00:23:15,840 --> 00:23:21,680 And so there are different ones. But the beauty of this is a molecule of uranium has a million 261 00:23:21,840 --> 00:23:28,720 times as much energy as a molecule of, say, coal. And so if you can deal with the negatives, 262 00:23:28,720 --> 00:23:35,760 which are essentially the radiation, the footprint and cost, the potential in terms of effect on land 263 00:23:35,760 --> 00:23:42,160 and various things, is in almost any class of its own. If this doesn't work, 264 00:23:44,320 --> 00:23:50,160 then what? Do we have to start taking emergency measures to try and keep the temperature of the earth 265 00:23:51,120 --> 00:23:56,480 stable? Yeah, if you get into that situation, it's like if you're, you've been overeating 266 00:23:56,480 --> 00:24:01,280 and you're about to have a heart attack, then then then where do you go? You may need heart 267 00:24:01,280 --> 00:24:07,200 surgery or something. There is a line of research on what's called geoengineering, which are various 268 00:24:07,200 --> 00:24:13,200 techniques that would delay the heating to bias 20 or 30 years to get our act together. Now you 269 00:24:13,200 --> 00:24:17,520 hope that's just an entrance policy. You hope you don't need to do that. Some people say you shouldn't 270 00:24:17,600 --> 00:24:22,240 even work on the entrance policy because it might make you lazy that you'll keep eating because 271 00:24:22,240 --> 00:24:26,240 you know heart surgery will be there to save you. I'm not sure that's why it's given the 272 00:24:26,240 --> 00:24:32,160 importance of the problem. But there's now that geoengineering discussion about should that be 273 00:24:32,160 --> 00:24:38,800 in the back pocket in case things happen faster or this innovation goes a lot slower than we expect. 274 00:24:40,720 --> 00:24:46,720 Climate skeptics. If you had a sentence or two to say to them, how might you 275 00:24:48,160 --> 00:24:53,600 persuade them that they're wrong? Well, unfortunately the skeptics come in different camps. I mean 276 00:24:53,600 --> 00:25:00,720 the ones who make scientific arguments are very few. Are they saying that there's negative feedback 277 00:25:00,720 --> 00:25:05,840 effects that have to do with clouds that offset things? There are very, very few things that they 278 00:25:05,840 --> 00:25:10,640 can even say, you know, there's a chance and a million of those things. The main problem you have 279 00:25:10,640 --> 00:25:17,120 here is kind of like AIDS that you make them a state now and you pay for it a lot later. And so 280 00:25:17,520 --> 00:25:23,280 when you have all sorts of urgent problems, the idea of taking pain now that has to do with 281 00:25:23,280 --> 00:25:30,560 the gain later and as someone uncertain painting. In fact the IPCC report, you know that that's not 282 00:25:30,560 --> 00:25:35,840 necessarily the worst case and there are people in the ritual to look at IPCC and say okay, 283 00:25:35,840 --> 00:25:41,520 you know that isn't that big of deal. The fact is it's that uncertain part that should move 284 00:25:41,600 --> 00:25:47,840 towards this. But my dream here is that if you can make it economic and meet the CO2 constraint, 285 00:25:47,840 --> 00:25:52,080 then the skeptics say okay, I don't care that it doesn't put out CO2. I kind of wish it did put 286 00:25:52,080 --> 00:25:56,640 out CO2 but I guess I'll accept it because it's cheaper than that. Well it's come before. 287 00:26:00,720 --> 00:26:06,160 So, and so that would be our response to the the Bjorn Lomborg argument that basically if you 288 00:26:06,240 --> 00:26:11,040 spend or this energy trying to solve the CO2 problem, it's going to take away all your other 289 00:26:11,040 --> 00:26:15,760 goals of trying to rid the world of poverty and malaria and stuff like that. It's a stupid waste of 290 00:26:15,760 --> 00:26:19,680 the earth's resources to put money towards that when there are better things we can do. 291 00:26:19,680 --> 00:26:25,280 Yeah well the actual spending on the R&D piece, you know say the US should spend 10 billion 292 00:26:25,280 --> 00:26:30,560 near more than it is right now. It's not that dramatic. It shouldn't take away from other things. 293 00:26:30,560 --> 00:26:34,720 The thing you get into big money on and this reasonable people can disagree is when you have 294 00:26:34,800 --> 00:26:40,640 something that's non-economic and you're trying to fund that. That to me mostly is a waste. Unless 295 00:26:40,640 --> 00:26:45,680 you're very close and you're just funding the learning curve and it's going to get very cheap. I believe 296 00:26:45,680 --> 00:26:51,600 we should try you know more things that have a potential to be far less expensive. If the trade 297 00:26:51,600 --> 00:26:58,800 off you get into is let's make energy super expensive then the rich can afford that. I mean all of 298 00:26:58,800 --> 00:27:04,320 us here could pay five times as much for our energy and not change our lifestyle. The disaster is for 299 00:27:04,320 --> 00:27:10,160 that to billion and even law and board cows changed. His stick now is why isn't the R&D 300 00:27:10,880 --> 00:27:15,280 getting more discussed. He's still because it is earlier stuff sort of associated with the 301 00:27:15,280 --> 00:27:22,640 skeptic camp but he's realized that's a pretty lonely camp and so he's making the R&D point and 302 00:27:22,640 --> 00:27:29,440 so there is a threat of something that I think is appropriate. The R&D piece it's crazy how little it's 303 00:27:29,520 --> 00:27:36,400 funded. I suspect I speak on behalf of most people here to say I really hope your wish comes true. Thank you so much. 304 00:27:36,400 --> 00:27:40,400 Thank you. 305 00:27:40,400 --> 00:27:45,360 Thank you. 306 00:27:58,560 --> 00:28:07,360 My name is Sonia Natoff, we have an exam foundation. How does change happen? You raise the awareness 307 00:28:07,360 --> 00:28:18,480 and you inspire the change. You come to TED, you do TEDx, you build a community, you find solutions 308 00:28:19,760 --> 00:28:26,480 and it opens and that's what we do and that's why we come to TED. 309 00:28:37,920 --> 00:28:57,760 People are playing with words. It's true. All week long people have been putting words together 310 00:28:57,760 --> 00:29:04,560 in very unique ways. I've been thinking about how food and wine are paired by experts who really 311 00:29:04,640 --> 00:29:10,400 understand the flavors and hear it TED. People are putting words together in pairs because they 312 00:29:10,400 --> 00:29:17,920 understand the meaning of reckless creativity. What a pairing that is. I'm just thinking about words 313 00:29:17,920 --> 00:29:23,360 that don't go together. We're one and one equal three. I think that's what TED's all about isn't 314 00:29:23,360 --> 00:29:27,120 is just putting things together. We don't normally think that.