ALSO READFor now, all steel plants focused on reducing greenhouse gases: Chatterjee We need to get rid of carbon in the atmosphere, not just reduce emissions World Environment Day: UberPool curbed 2,203,000 kg CO2 emissions in Delhi Used goods' deals curb emission 100 global firms emit nearly 1 trillion tonnes of greenhouse gas
Bloomberg’s Robin Hood Index calculated what slice of each top billionaire’s fortune would be needed to buy all the carbon credits required to offset all domestic greenhouse gas emissions in their home country over a year. One can only imagine what the most affluent in 44 countries, with an estimated wealth of $786 billion can do with their money that governments and agencies can’t.
The answer is quite a lot.
In developing countries such as Russia and India, gas mogul Leonid Mikhelson and oilman Mukesh Ambani have plenty of money to spare even after offsetting the emissions in their respective countries the 2017 robin hood index: