Bill Gates Invested In An Australian Climate Technology StartUp 

125
25 Jan 2023
5 min read

News Synopsis

The climate technology start-up in Australia that plans to reduce the methane emissions from cow burps has received funding from billionaire Bill Gates. The co-founder of Microsoft has been outspoken about how raising meat has an adverse effect on the environment.

The most prevalent greenhouse gas after carbon dioxide is methane (CO2). Methane is produced by livestock such as cows, goats, and deer as their stomachs break down tough materials like grass for digestion.

According to academic research, giving seaweed to cows could considerably reduce their methane emissions. A Perth-based start-up called Rumin8 is developing a dietary supplement that prevents the generation of gas using red seaweed as a model.

It declared in a press release that it had secured $12 million (£9.7 million) in capital from a round of finance spearheaded by Breakthrough Energy Ventures, which Mr. Gates established in 2015.

Additionally, the investment company has the support of Jack Ma, a Chinese businessman and co-founder of Alibaba, and Amazon CEO Jeff Bezos. David Messina, managing director of Rumin8, said, "We have been very pleased with the reception we have received from climate impact funds around the world,"  

In an effort to combat climate change, New Zealand proposed charging the greenhouse gases that farm animals emit through urination and burping. By 2025, farmers will begin to pay for agricultural emissions under a world-first scheme.

Agriculture is responsible for over half of the nation's total greenhouse gas emissions, primarily methane. Methane levels in the atmosphere hit record highs in 2019, around 2.5 times higher than during the pre-industrial era. Scientists are concerned because methane has a significant impact on global warming. Individual methane molecules warm the atmosphere more potently than individual CO2 molecules.

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