Amazon’s $2 Billion Climate Pledge Fund Hands Out First Investments

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The fund is designed to help Amazon and other companies reach net-zero carbon emissions by 2040, even as President Trump continues to cast doubt on climate science.

, founded by former Tesla executive J.B. Straubel, is developing technologies for recycling Lithium-ion batteries and e-waste into high value metals and chemicals.

As part of The Climate Pledge announcement, Amazon said it had purchased 100,000 electric vehicles fromwith plans to have 10,000 of the new electric vehicles on the road as early as 2022 and all 100,000 vehicles on the road by 2030.motors reduce energy use by 64% on average through efficiency and control without using expensive materials or rare earth minerals, allowing Amazon to test the motors in a number of its buildings and significantly reduce electricity usage.

 

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