“There’s a lot of climate exaggeration,” said Gates, who founded Microsoft and is now a philanthropist. Some financial institutions could supplement emissions reduction measures with the voluntary purchase of carbon credits, according to a handout. She said the goal is to affirm “the importance of credible net-zero commitments and to encourage financial institutions that make them to take consistent approaches to implementation." Yellen also announced that a group of philanthropic organizations – including Bezos Earth Fund, Bloomberg Philanthropies and others – would pledge $340 million to help financial institutions “develop and execute robust, voluntary net-zero commitments,” she said. Afterward, Prince William greeted scores of people lined up behind metal barricades across the street.

Source: The Nation September 20, 2023 12:29 UTC