Economy

Economy

Energy, environment, education, and health all contribute to economic development. We need to solve all these universal problems, but more importantly, we need to see the bigger picture and work on them in tandem with economic development. Looking at all these pieces together leads to an enhanced quality of life for everyone.

Except few countries that can self-produce energy, most countries need to import more than half of its energy, like 60% for E.U. and 90% for Japan. Moving to sustainable energy can transform economies by saving billions annually and make them more competitive. Also, as of 2016 over 10 million people worldwide are working in the renewable energy industry.

Sustainable energy can also help electrify areas that currently are not on a power grid. Currently over 1.2 billion people in the world have no electricity. Once they are powered, education and GDP grow.

Moreover, there are byproduct technologies that get developed when doing this kind of work. For instance, when looking for the Top Quark, other technologies were needed. Dr. Yeh’s pioneering of Linux based large scale computing led to the development of the software company Red Hat, which was eventually sold to IBM or $34 billion USD. Another example is his contribution to remote video control technology, that technology led to companies like Nest, and was eventually acquired by Google for $3 billion USD.

Excerpt from Under the Radar by Robert Young