Home Business Jeff Bezos pledges $1 billion to conservation through Bezos Earth Fund

Jeff Bezos pledges $1 billion to conservation through Bezos Earth Fund

3 min read
0
0
25

Amazon CEO Jeff Bezos announces the co-founding of The Climate Pledge at the National Press Club on September 19, 2019, in Washington.

Paul Morigi | Getty Images | Amazon

Jeff Bezos on Monday pledged to give away $1 billion in grants this year with a focus on conservation efforts.

The pledge comes through the Bezos Earth Fund, which the Amazon founder and chairman started in 2020 to execute his $10 billion commitment to fight climate change. The Bezos Earth Fund has pledged to donate about $1 billion a year to activists, scientists and other groups working to address the globe’s climate crisis, with a goal of spending $10 billion by 2030.

Following this year’s focus on conservation, the fund said that in the coming years it intends to support efforts around landscape restoration and food system transportation.

The latest round of grants will be used to “create, expand, manage and monitor protected and conserved areas,” the Bezos Earth Fund said in a release. To start, the fund plans to focus on Central Africa’s Congo Basin, the tropical Andes region and the tropical Pacific Ocean, all of which are key areas for biodiversity and carbon stocks, or the amount of carbon stored in things such as vegetation, soils and oceans.

“The natural world is not better today than it was 500 years ago, when we enjoyed unspoiled forests, clean rivers and the pristine air of the pre-industrial age,” Bezos said in a statement. “We can and must reverse this anomaly.”

It is not yet known which organizations will receive the grants. The gifts will be prioritized in areas where local communities and Indigenous peoples are a main focus of conservation programs, among other considerations, the Bezos Earth Fund said.

Earlier this month, the fund said it would give away $203.7 million by the end of the year to organizations advancing climate justice, among other causes. That’s after it awarded $791 million in grants last year to 16 organizations, including the World Wildlife Fund, the Natural Resources Defense Council and the Nature Conservancy.


Source link

Load More Related Articles
Load More By The Texas Chronicle
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Turkey to banish 10 Western ambassadors, Erdogan says

Turkey’s President Tayyip Erdogan holds a news conference during the NATO summit at …