“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 headed toward ground zero, where he visited with firefighters at FDNY Ten House, the station that was the first on the scene at the World Trade Center after the 9/11 attacks.
Persons:
Britain’s Prince William, Bill Gates, Michael Bloomberg, “ We’ve, ” William, he'd, John F, ”, Gates, Janet Yellen, ” Yellen, Yellen, Bloomberg Philanthropies, David Arkush, “, Prince William, Prince, chatted, Hussein, Bobby Caina Calvan, Seth Borenstein, Fatima Hussein
Organizations:
Microsoft, Treasury, Investment, ”, Fund, Bloomberg, FDNY Ten House, World Trade Center, AP
Locations:
London, U.S, Washington, New York