Posted originally on Mar 25, 2025 by Martin Armstrong 

Few know that Bill Gates heavily lobbied for the Inflation Reduction Act, which former President Joe Biden later admitted was intended to combat climate change and not inflation. Gates met with key lawmakers like Senator Joe Manchin ahead of the 2022 legislation. Another tool utilized by Gates was Breakthrough Energy, a venture fund he established in 2015 to promote net zero policies. The group recently laid off most of their employees in Washington, D.C., as Gates shifts methods for “climate” advocacy.

“We need to go from 51 billion tons of emissions per year to zero,” Breakthrough Energy stated on its website. “The only way to avoid the worst impacts of climate change is to reduce global greenhouse gas emissions from 51 billion tons a year, where they are now, to net-zero—and we need to do it by 2050. That means we need unprecedented technological transformations in almost every sector of modern life.”

Gates has every intention of continuing to push for net zero by 2050. However, Gates admitted that he needed to shift his policy amidst the new political landscape where he cannot directly influence policy. And what better way to do that than to throw money at the private sector. The focus is now on creating clean energy technology rather than manipulating public policy. Gates admitted he had to shift course because Donald Trump was revitalizing the energy sector and lifting restrictions on fossil fuels.

Breakthrough Energy and Gates are now focusing on Europe, where leaders are still on board with the Paris Accord. Instead of acknowledging that Europe’s economy is failing due to these initiatives, Breakthrough claims that key companies like Volkswagen, ThyssenKrupp Steel, Northvolt, and ACC Gigafactories are failing because Europe is not adopting clean energy fast enough.

As the website states:

“Europe is at a crossroads. In his analysis published in September 2024, Mario Draghi highlighted an “existential risk” and forecast Europe’s “slow agony” if it doesn’t radically change course to reverse declining productivity, investment, and innovation. Recent announcements only seem to confirm this dire prediction: industries are reducing production across Europe (Volkswagen, thyssenkrupp Steel); announced investments are being cancelled or put on hold (Northvolt, ACC Gigafactories), and industrial output in Europe’s four largest economies is declining, with Germany, France, Italy and Spain having recorded a year-on-year drop in the production of capital goods and consumer durables.

There is no denying it: Europe is in crisis, one in which its established industrial base is eroding while new sectors fail to get off the ground. This is particularly concerning for cleantech where Europe’s ambitions are high, but the economic realities are sobering. As the recent bankruptcy of Northvolt reminds us, even with solid industrial policy in place, it is hard to scale up in Europe. Turning this situation around will be one of the overriding priorities of the new European Commission, which has recently unveiled the Competitiveness Compass and will soon produce the Clean Industrial Deal, two new (long overdue) economic and industrial policy programs. In a volatile security and fractured geopolitical environment, with looming threats of trade wars and deepening systemic competition, European policymakers have their work cut out for them.”

The European Commission welcomes Gates’ proposal and believes it can perpetually spend to achieve net zero by 2050. I explained in another blog post how scientists have stated that this goal is IMPOSSIBLE. Moreover, the World Economic Forum has pushed the EU to create the Clean Industrial Deal (CID) through a €100 billion spending package. It is no conspiracy to point out that globalist organizations are pushing Europe into economic ruin.