Amazon announced last week that it had created a $2 billion climate pledge fund that it will use to invest in companies that build products, services, and technologies that will decarbonize the economy and protect the planet.
This fund is known as The Climate Pledge Fund and will support the development of sustainable technologies and services that help Amazon to meet The Climate Pledge.
The Climate Pledge is a commitment to be net-zero carbon by 2040 and is cofounded by Amazon and Global Optimism. The goal is to reach the Paris Agreement 10 years early.
Verizon, Reckitt Benckiser, and Infosys have recently joined the pledge, which hopes to achieve its goal by accelerating investment in innovations for the zero-carbon economy of the future.
The types of companies that The Climate Pledge Fund will invest in are:
- Transportation and logistics.
- Energy generation, storage, and utilization.
- Manufacturing and materials.
- Circular economy.
- Food and agriculture.
Companies that have signed The Climate Pledge are doing more than just donating money. They are reshaping their businesses to focus on eliminating carbon.
Companies are trying to do their bit lets try to do our bit and notice our own habits, how much plastic we use, etc. If everyone were to do this, we’d all make an impact that would equate to the scale of $2 billion.
Reference- Amazon Online Newsroom, Forbes, Mercom India, Clean Technica