US News Bezos Earth Fund: Amazon boss announces the first money recipients

05:50  27 november  2020
05:50  27 november  2020 Source:   finanzen.net

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Bezos announced 16 initial recipients of the Earth Fund who will receive 1 million in donations. The top donations include The Nature Conservancy, Natural Resources Defense In September, Amazon announced the first recipients of its billion Climate Pledge Fund , which is designed to

Amazon founder Jeff Bezos on Monday announced the launch of a new Earth Fund that the e-commerce chief plans to use to combat climate change. He said that he's pledging billion to start the fund , which will be called the Bezos Earth Fund and issue grants to climate-oriented scientists

Bezos once described climate change as "the greatest threat to our planet." The funds from the Earth Fund should now help the first recipients in various projects to preserve the natural world.

Andrew Burton/Getty Images © Provided by Finance.net Andrew Burton / Getty Images

• Bezos announces 16 first recipients

• Total amount of 791 million US dollars will be distributed

• Help in combating climate change

Amazon founder Jeff Bezos announced a few days ago the first known recipients to receive funding from the $ 10 billion fund. Most of the 16 organizations receive large sums of money for specific projects - some redistribute the money as donations to other charitable organizations.

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Jeff Bezos has established the Bezos Earth Fund to issue grants to help environmental causes. The world's richest man, Amazon founder Jeff Bezos , says he will commit $US10 billion (.9 billion) of his own money to fund scientists, activists The Bezos Earth Fund will start issuing grants by mid-2020.

791 million US dollars - "just the beginning"

In an Instagram post, the billionaire stated that he had dealt with the projects of the grant recipients in detail over the past few months. His result: they worked "on innovative, ambitious and groundbreaking solutions" for climate change. The donations totaling 791 million US dollars are "just the beginning," said Bezos.

Take a look at this post on Instagram

Among the recipients is the WWF (World Wildlife Fund): 100 million US dollars will go to the organization - the sum is intended to be used in part for the conservation of mangrove forests. Furthermore, the Earth Fund funds are to be used to research new markets for seaweed as an alternative to fossil fuels.

Also received $ 100 million from the World Resources Institute, The Nature Conservancy, Natural Resources Defense Council, and Environmental Defense Fund.

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The Amazon (AMZN) CEO on Monday announced a new fund to back scientists, activists and organizations working to mitigate the impact of climate change. The initiative, called the Bezos Earth Fund , will begin giving out grants this summer.

Amazon boss Bezos has announced he is committing billion to a new fund to fight climate In a post to his 1 .4 million followers on Instagram, the e-commerce tycoon said the Bezos Earth Fund Rather than make investments that the business guru might profit from, the fund would allocate grant

Amazon boss introduces Climate Pledge

Jeff Bezos also had to act within his group - among other things, employees called for appropriate measures to allay concerns about the e-commerce and logistics business making a major contribution to global CO2 emissions.

In September Amazon launched the Climate Pledge (in German: Climate Promise). It includes ambitious goals - sometimes the online retail giant wants to be carbon neutral by 2040. In order to meet this obligation, the US group ordered electric delivery vehicles. It is also followed by an investment of US $ 10 million to restore forests in the northeastern United States. In the same month, the company also announced the first recipients of the $ 2 billion Climate Pledge Fund, which is to invest in "sustainable and decarbonising technologies". Finanzen.net editorial team

Deforestation in the Brazilian Amazon at the highest for 12 years .
© CARL DE SOUZA An aerial view of a forest fire in the Brazilian Amazon south of Novo Progresso in Brazil, August 2020 Deforestation in the Brazilian Amazon has reached its highest level in twelve years, according to official data released on Monday that prompted condemnations from the government of President Jair Bolsonaro.

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