Bill Gates and Richard Branson agree that a “clean energy dividend” – an iteration of carbon taxes — is one way billionaires can help counter climate change. (via CNBCMakeIt)
Richard BransonThe BEC is a group of high net worth investors who have made commitments to funding $1 billion worth of "next-generation" energy technologies globally. The coalition, spearheaded by Gates, features high profile business figures including Jeff Bezos, Marc Benioff, Jack Ma, Mark Zuckerberg and Branson himself.
"As a partner in the project, I agree with Bill that it has never been more pressing to find clean energy innovations that can change the world," Branson wrote. The initiative is close to Branson's heart, not least because of the links climate change is said to have had to the 2017 hurricanes that wreaked havoc on the British Virgin Islands, including"It's so important that we keep working to find ways to innovate and scale up clean energy solutions," Branson's post read.
The airline owner has previously weighed in on the climate change debate, earlier this year touting his idea for a "clean energy dividend" – an iteration of carbon taxes — which would charge companies for the fossil fuels they use and carbon emissions they cause. "Unlike a carbon tax, that money wouldn't disappear into government coffers, but would be used specifically to be invested in generating clean energy through wind farms and solar panels, as well as the development of more low carbon fuels and other breakthrough technologies,"
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