Australian billionaires Mike and Annie Cannon-Brookes have devoted much of their value to ensuring the country fulfills its responsibility for climate change
Australian billionaires Mike and Annie Cannon-Brookes have pledged a slice of their wealth to help the country fight climate change.
Mr Cannon-Brookes, third on the Rich List for 2021 with a net worth of $ 33.5 billion, said the government needed to do more to address the ‘growing environmental crisis facing the world and Australia’.
The couple donates $ 1.5 billion, including $ 1 billion in financial investments to reduce CO2 emissions and $ 500 million in philanthropic efforts, all aimed at limiting global warming to 1.5 degrees.
‘The two things required here are ambition and urgency,’ Cannon-Brookes told AFR.
‘The next decade is the time that really matters, not the next 30 years to 2050. And that’s what I want to see more philanthropists and investments do, and look at the present.’
Billionaires use the money to ensure that global warming is limited to an increase of 1.5 degrees, where the environment faces disaster if it exceeds this figure
Mr Cannon-Brookes, who has a net worth of $ 33.5 billion, said the government needs to do more to address the growing environmental crisis facing the world and Australia
The billionaire founder of the software company Atlassian described the Australian government’s approach to climate change as ‘shameful’ ahead of the UN climate conference in Glasgow.
He noted the responsibility of business leaders who took a stand on managing the world’s climate and said significant resources needed to be shifted to prevent further environmental damage.
‘It is urgent, whether it is at the political level of the Australian Government, or whether it is at the philanthropic level, or whether it is the level of investment, we need to do it now,’ he said.
Mr Cannon-Brookes set a $ 2030 target for his $ 1.5 billion investment so he can ensure the money has an impact, rather than the public target of zero-zero emissions by 2050.
‘What I really like is how we set our own personal goal of doing it by 2030. It’s not like,’ when we die, we would like to do this ‘, it’s like’ no, no, no, they the next eight years are critical, ”he told AFR.
The billionaire described the Australian government’s approach to climate change as ‘shameful’ ahead of the main climate conferences in Glasgow at the UN
Australians demand that the government give higher priority to the global climate crisis
He hoped the investment would encourage inventors and forward-thinking thinkers to come up with ideas for using the money.
Prime Minister Scott Morrison did not plan to attend the summit, but changed his mind after public backlash and encouragement from US President Joe Biden and British Prime Minister Boris Johnson.
Morrison said his plan was to push toward net-zero by 2050 regardless of the standing citizens who have backing from the mining sector.
The plan will also have an initial target set for 2030, which will be agreed by both parties and in the National Cabinet.