Home Energy conservation Jeff Bezos’ climate fund pledges $ 1 billion to conservation efforts

Jeff Bezos’ climate fund pledges $ 1 billion to conservation efforts

0


Amazon founder Jeff Bezos discusses climate change in 2019.

Getty Images

The Bezos Earth Fund on Monday pledged $ 1 billion to help protect vulnerable nature and indigenous peoples around the world, with an initial focus on the Congo Basin, the tropical Andes and the tropical Pacific Ocean. . The goal of the $ 1 billion pledge is to protect 30% of land and seas from mass extinctions and climate change by 2030.

The pledge is the largest to date from the $ 10 billion fund, which Amazon founder Jeff Bezos launched last year to fight climate change. Disbursements will begin this year, with a focus on regions where needs and opportunities are great, as well as areas where indigenous peoples play a key role in conservation programs.

“By pairing ourselves with the right focus and ingenuity, we can enjoy both the benefits of our modern lives and a thriving natural world,” said Bezos, one of the richest people in the world, in a statement. “I hope this commitment inspires others to make their own commitments to protect and conserve nature and help fight climate change. Such important work needs many allies.”

Bezos, who stepped down as Amazon’s chief executive in July, has long promoted his company’s many climate initiatives over the years. Amazon has funded a network of wind and solar farms as part of a long-term goal of powering its global infrastructure with 100% renewable energy.

But the company has also been criticized for its contribution to climate change, particularly its growing carbon footprint created by its fleet of planes, trucks and vans that deliver packages to Amazon customers. Several Amazon employees noted that Bezos’ September 2019 commitment to making the company carbon neutral by 2040 seems unambitious compared to Microsoft’s commitment to be carbon negative by 2030.

The fund announced earlier this month that it was pledging $ 203.7 million this year for the fight against the climate crisis, with the majority going to organizations supporting the Justice Initiative40, a Biden administration program designed to benefit underprivileged communities from federal investments in climate and clean energy efforts.