According to the author of the article, Tom Huddleston Jr., millionaires often argue that their busy schedules force them to travel by private plane, helicopter or yacht, an activity that generates a lot of carbon emissions.
Corporations or governments can buy offsets to justify manufacturing products with a large carbon footprint.
Gates spends approximately $ 5 million a year offsetting his family’s carbon footprint, he revealed on his blog in February 2021, and he does so through investing in various companies that offer these types of offsets.
The offsets procedure is becoming increasingly popular, especially as organizations and governments commit to drastically reducing their emissions.