Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Jeff Bezos names the first recipients of his $ 10 billion Land Fund

Jeff Bezos names the first recipients of his $ 10 billion Land Fund



Jeff Bezos, founder and CEO of Amazon, spoke with a group of Amazon employees who are veterans during Amazon Veterans Day celebration on Monday, November 12, 2018.

Leonard Ortiz Digital first media Getty images

Amazon founder and CEO Jeff Bezos on Monday announced the first recipients of his $ 10 billion Land Fund.

The Earth Fund, launched in February, aims to combat the effects of climate change by awarding grants to scientists, activists and other organizations in their efforts to “preserve and protect the natural world”

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Bezos has announced 16 initial recipients of the Earth Fund, who will receive $ 791 million in donations. Major donations include Nature Conservation, the Natural Resources Protection Council, the Environmental Protection Fund, the World Resources Institute and the World Wildlife Fund, which will each receive $ 100 million.

Bezos said in an Instagram post that he had spent the last few months studying the work of grantees in depth, adding that they were “working on innovative, ambitious and needle-moving solutions” for climate change. The $ 791 million grant, issued on Monday, is “just the beginning” of the $ 10 billion commitment from the Earth Fund, Bezos said.

Many grant recipients receive funding for specific projects, while other recipients will donate and donate to other non-profit organizations, a spokesman for the Earth Fund said.

For example, the World Wildlife Fund said it would use the $ 100 million prize to protect and recover mangroves from “climate-accelerated weather events” and to develop new markets for algae as an alternative to fossil fuel products.

Bezos, who previously described climate change as “the biggest threat to our planet,” recently made climate-focused initiatives a key focus on Amazon. The company faces pressure from employees and others to address concerns that its e-commerce and logistics business contributes to global carbon emissions.

In September, Amazon announced the first recipients of its $ 2 billion climate pledge fund to invest in “sustainable and decarbonising technologies.”

Amazon also launched the Climate Pledge last September, which includes a number of ambitious goals, including a commitment to carbon-neutral by 2040. It has also purchased electric vans and invested $ 10 million to preserve or restore forests in the northeastern United States. .

Here is the full list of recipients of the Land Fund and the donations they will receive:

  • Climate and Clean Energy Equity Fund, $ 43 million grant
  • ClimateWorks Foundation, $ 50 million grant
  • Dream Corps Green For All, $ 10 million grant
  • Eden reforestation projects, $ 5 million grant
  • Energy Foundation, $ 30 million grant
  • Environmental Protection Fund, $ 100 million grant
  • Hive Fund for Climate and Gender Justice, $ 43 million grant
  • Natural Resources Protection Council, $ 100 million grant
  • The Nature Conservancy, a $ 100 million grant
  • NDN Collective, $ 12 million grant
  • Rocky Mountain Institute, $ 10 million grant
  • Salk Institute for Biological Research, $ 30 million grant
  • The Solutions Project, a $ 43 million grant
  • Union of Concerned Scientists, $ 15 million grant
  • World Resources Institute, $ 100 million grant
  • World Wildlife Fund, $ 100 million grant

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