Mike Cannon-Brookes pledges $1.5b to climate initiatives ahead of COP26
Atlassian co-founder Mike Cannon-Brookes and wife Annie have pledged to donate and invest $1.5 billion on climate projects by 2030 to reinforce the COP26 goal of spurring global action to limit global warming to 1.5 degrees above pre-industrial levels.
The couple will spend $1 billion on investments in green technology businesses and another $500 million on donations towards philanthropic organisations, think tanks, institutes and civil society organisations working on the climate crisis, he told The Sydney Morning Herald and The Age.
Mr Cannon-Brooks said he believed that the 2050 net zero target locked in by most developed economies and preferred by the Australian government was already a “done deal”, and that ambitious 2030 targets were now far more important.
He has not yet decided where to direct the funds but said the $1 billion-odd he has already put into clean economy ventures before this new pledge indicated the sort of projects the couple may back.
