Amazon’s Pledge of $2B to Reduce Their Carbon Footprint: The Climate Pledge Fund
In June, Amazon announced their $2B venture capital fund, the “Climate Pledge Fund” that would be dedicated to investing in sustainable technologies and services. The fund is a part of a larger initiative announced in 2019 called The Climate Pledge. Amazon launched this initiative alongside Global Optimism with the goal of meeting Paris Agreement net zero carbon milestones by 2040, ten years earlier than the Agreement’s goal to meet it by 2050. Prior to the announcement of the Climate Pledge Fund, Amazon had already been investing in reforestation and other climate change related projects with their $100M Right Now Climate Fund.