Bill Gates, founder of Microsoft Corp., defended his use of private jets in a BBC interview where he faced charges of hypocrisy over his warnings of climate change. Gates answered that his funding of clean energy projects and climate initiatives offsets his own carbon-intensive lifestyle. He uses his fund, Breakthrough Energy Ventures, to invest billions into companies helping to reduce carbon emissions. Gates invests in high-growth startups, with Heliogen Inc being one of the companies he has invested in. From an investing standpoint, it does not matter whether climate crusaders like Gates and Al Gore are hypocrites, as clean energy is one of the most lucrative sectors in the world today. Clean energy stocks have outperformed the broader markets since 2009, according to Bloomberg. Gore’s wealth, estimated around $300m in 2013, rose due to investments in clean energy. Gates invests in high-growth start-ups and has previously invested in companies that went on to become public. He believes that his funding of clean energy projects offsets the carbon emissions caused by his private jets. Climate crusaders like Gates and Gore are frequently criticized for their high carbon footprints despite their activism.
It is important that carbon credit schemes also benefit local communities.
The World Meteorological Organisation has stated that 193 countries have given unanimous backing to a scheme to monitor global greenhouse...