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Amazon pledges $2 billion investment to fight climate change

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The Climate Pledge Fund will back efforts by startups and other firms in multiple sectors to 'facilitate the transition to a zero carbon economy,' Amazon says

AMAZON. This file photo taken on November 28, 2019 shows the Amazon logo at one of the company's centre in Bretigny-sur-Orge on November 28, 2019. File photo by Thomas Samson/AFP

The initiative"will look to invest in the visionary entrepreneurs and innovators who are building products and services to help companies reduce their carbon impact and operate more sustainably," said Amazon founder and chief executive Jeff Bezos. Since then, the pledge has been joined by other companies including US-based telecom giant Verizon, British consumer goods firm Reckitt Benckiser and India-based tech giant Infosys.

The new fund will invest in companies in multiple industries, including transportation and logistics, energy generation, storage and utilization, manufacturing and materials, circular economy, and food and agriculture. The last five years have been the hottest on record, as has been the last decade, according to the European climate monitoring network.

 

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