Amazon launched a $2 billion fund right this moment to advance applied sciences that may minimize down greenhouse gases. The fund will assist Amazon and different corporations adhere to The Local weather Pledge initiative it began in September 2019. That pledge dedicated the corporate, and others that signal onto it, to changing into carbon impartial by 2040.
To grow to be carbon impartial, corporations want instruments to have the ability to scale back, offset, or seize all of the planet-heating air pollution they produce. The $2 billion will go towards developments in transportation and logistics, vitality era and storage, manufacturing and supplies, meals and agriculture, and lowering or reusing waste. Firms can specific curiosity within the funding through electronic mail.
“The Climate Pledge Fund will look to invest in the visionary entrepreneurs and innovators who are building products and services to help companies reduce their carbon impact and operate more sustainably,” Amazon CEO Jeff Bezos stated in a press launch. “Companies from around the world of all sizes and stages will be considered, from pre-product startups to well-established enterprises.” Bezos introduced his personal $10 billion local weather change fund in February.
Amazon additionally introduced right this moment that by 2025, it would depend on renewable vitality for all its vitality use. That’s 5 years sooner than a aim it beforehand set for itself.
Regardless of its commitments, Amazon pumped out about 15 % extra carbon dioxide final 12 months than it did within the 12 months prior as its gross sales elevated. It launched greater than 51 million metric tons of CO2 in 2019, in line with the 2019 sustainability report it launched right this moment. That’s in comparison with simply over 44 million metric tons it emitted in 2018, which was the primary time it disclosed its carbon footprint.