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 said in a statement.
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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