You may have seen this item in the news this week. Amazon founder and CEO Jeff Bezos has pledged $10 billion (£7.7 billion) to fight climate change in a new fund, the Bezos Earth Fund. This would be the
third biggest philanthropic donation in the US this century (if you’re interested in finding out what the other 9 are, have a look at this opinion piece in The Guardian, which suggests some ways in which the funding could be used).
Amazon is one of the world’s biggest companies, whose corporate carbon footprint in 2018 was 44.4 million metric tons.
Announced in an Instagram post to his 1.4 million followers on Monday 17 February, Bezos said that with climate change the biggest threat to the planet, he wants 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 – any effort that offers a real possibility to help preserve and protect the natural world.’
Funding “could kickstart” other companies which are able to help, for example by harnessing wind power, which has be amply demonstrated by Storms Ciara and Dennis recently. The UK government announced a deal last year with the wind industry to ensure 30% of electricity comes from offshore wind by 2030.
Bezos said funds would begin to be distributed this summer, although details of the Fund are still to be announced. We’ll bring you details as soon further information is available.
In the meantime, this useful BBC website item provides some useful background reading about what impact the Fund could have on climate change.
Image: Jeff Bezos, founder and owner of Amazon