Bill Gate’s latest book, How to Avoid a Climate Disaster, should be required reading in school and work.  The man that foresaw the global pandemic and did a widely vied Ted Talk on the subject now has a new message for it. He explains the inevitability and certainty that the temperatures are rising and will continue to rise. I like the way Bill thinks about things and explains them in a way that average people like myself can grasp the science behind it.  If you read nothing else, read the first chapter.  Why Zero? Everything we do in the modern world using and emits carbon molecules into the atmosphere. This is the greenhouse effect.  According to Gates, “There’s no scenario in which we keep adding carbon to the atmosphere and the world stops getting hotter, and the hotter it gets, the harder it will be for humans to survive, much less thrive.”

There are few people on the planet now that haven’t heard of or actually listened to Bill Gates Ted Talk on pandemics he gave in March of 2015 when he warned and foretold of the devastation and ill-preparedness the world was for the next pandemic.  Gates, in this newest book, writes, “the likely impacts from climate change and from COVID-19 vary quite a bit, depending on which economic model you use. But the conclusion is unmistakable: In the next decade or two, the economic damage caused by climate change will likely be as bad as having a COVID-sized pandemic every 10 years. And by the end of the 21st century, it will be much worse if the world remains on its current emissions path.*

The good news is we can do something about it and there are many good ways to invest in this inevitable human response to it.   Chase brought to my attention that TAN, the solar ETF is down 15% this year. It’s almost lost its gain from the Biden election runup that many renewable and green energy stocks had on the campaign promise to address climate change with government policy.  Besides TAN there over a dozen ETFs have been created for the investing public.  LIke biotech and many promising but highly risky technologies, ETFs are the perfect vehicle to spread your bets and reduce the risk of one or more investments going sour.

ICLN iShares Global Clean Energy ETF Blackrock $5.35B 0.46% -15.48% Equity:Global Renewable Energy
TAN Invesco Solar ETF Invesco $3.28B 0.69% -14.82% Equity:Global Renewable Energy
QCLN First Trust NASDAQ Cl