Bezos Earth Fund awards $443M in grants, focus is on climate justice, saving and restoring nature
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Bezos Earth Fund awards $443M in grants, focus is on climate justice, saving and restoring nature

Amazon founder Jeff Bezos introduced 44 grants totaling $443 million from the Bezos Earth Fund on Monday. The brand new pledges convey the entire quantity allotted to $1.39 billion because the initiative launched in February 2020. The previous Amazon CEO has dedicated to granting $10 billion in a decade.

The recipients embody packages with a focus on climate justice and benefiting underserved communities, nature conservation and restoration efforts, and tying the work in to climate targets.

Grant recipients embody:

Bezos is the chair of the hassle, and his girlfriend Lauren Sánchez is vice chair. Andrew Steer, the previous head of the World Sources Institute, is the CEO and president of the fund. All three attended the United Nation’s COP26 climate talks that have been lately held in Glasgow, Scotland.

“Deprived communities have borne the brunt of environmental harm for too lengthy and are key gamers in driving the required options,” Sánchez stated in a press release asserting the grants. “With every grant we make, we’re supporting main establishments working with communities to advance climate justice efforts.”

We’re happy to announce $443M in grants to advance environmental justice, preserve and restore nature, and enhance monitoring & accountability. These 44 grants will assist allow a number of the world’s main change brokers to behave rapidly on the challenges of this decisive decade.

Bezos beforehand introduced that he was earmarking $3 billion of his fund for nature-focused efforts, together with conservation, restoration and meals manufacturing. This newest announcement identifies particular recipients and greenback figures.

Bezos and others have acknowledged that pressing motion is wanted in this decade to stave off the worst results of climate change.

Outdoors of the fund, Bezos is additionally investing in expertise that can assist decarbonize energy manufacturing, transportation and different industrial sectors. That features collaborating in the $130 million venture capital round lately introduced by Vancouver, B.C.’s Basic Fusion, an organization creating fusion power expertise. Bezos is additionally an investor with the Invoice Gates-led Breakthrough Power Ventures, which is additionally backing climate tech firms.

Amazon, the enterprise that Bezos based, is likewise investing in climate tech and has taken on a management function in the climate area, pledging to grow to be carbon impartial by 2040. The tech big, nevertheless, is nonetheless seeing its carbon emissions increase.

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