Jeff Bezos releases $10 billion fund to combat environment modification

Billionaire Jeff Bezos revealed Monday he will introduce a $10 billion fund to combat environment modification. The Amazon CEO stated in an Instagram post that the Bezos Earth Fund will offer cash to “any effort that offers a real possibility” to assist protect and safeguard the world.

“Climate change is the biggest threat to our planet,” Bezos composed in his post. “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share.”

Bezos, the world’s wealthiest individual, has actually promoted his business’s numerous environment efforts for many years. Amazon has actually moneyed a network of wind and solar farms as part of a long-lasting objective of powering its international facilities with 100% renewable resource.

In September, Bezos revealed The Climate Pledge, a strategy to make the vast e-commerce and tech business carbon-neutral by 2040 and reach an objective of the Paris environment contract 10 years early. He likewise asked other business to sign the promise too.

To reach the carbon-neutral objective, Bezos revealed a brand-new $100 million reforestation effort and a brand-new order for 100,000 electrical shipment vans to move far from diesel lorries. Amazon likewise promised to power its international facilities with 80% renewable resource by 2024 and 100% by 2030 — up from the 40% renewable resource it utilizes today.

“Amazon took a bold step when it announced the Climate Pledge, committing the company to meet the goals of the Paris Agreement 10 years early, and we’re incredibly excited about the Bezos Earth Fund,” an Amazon representative stated. “Jeff’s passion and this extraordinary personal contribution to the fight against climate change are going to have a huge impact.”

Not everybody has actually responded favorably. In a Tuesday release, Greenpeace stated it invites Bezos’ brand-new acknowledgment of the hazards of environment modification, however still had issues. 

“It’s hypocritical to announce that climate change is the biggest threat to our planet while at the same time boosting the fossil fuel industry by providing advanced computing technologies to the oil and gas industry so that it can discover and drill more oil, more efficiently. Amazon also still has work to do to ensure its growing network of data centers fully shifts away from fossil fuels, and the company must transparently report its energy use as Google and Apple do,” Greenpeace stated in its declaration.

Originally released Feb. 17 at 12: 08 p.m. PT.
Update Feb. 18 at 10: 19 a.m. PT: Adds remark from Greenpeace.

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