HomeCarbon MarketsBezos Pledges $1B Towards Fighting Climate Change

Bezos Pledges $1B Towards Fighting Climate Change

Jeff Bezos, has pledged $1 billion towards environmental conservation. The goal is to protect 30% of the Earth’s land and sea by 2030.

This $1 billion commitment is the largest from the Bezos Earth Fund, founded by Bezos in 2020. The fund is currently worth $10 billion.

Though Bezos’ dedication to combating climate change has been well received, some feel it is too little too late.

Bezos, who stepped down from Amazon in July, has long been criticized for the carbon footprint Amazon has created.  Their massive fleet of planes, trucks, vans, and 2-day delivery model, has pumped millions of tons of carbon into the atmosphere each year.

Amazon pledged in 2019 to make their company carbon neutral by 2040. Still, many believe other billionaires, such as Bill Gates and Warren Buffet, have done far more.

Regardless, most can agree that Bezos’ efforts are admirable, with the potential to make a real and positive impact on the environment.

According to The Washington Post, the Bezos Earth Fund will focus on “…areas that are important for biodiversity and carbon stocks and will emphasize the central role of local communities and Indigenous people in conservation efforts.”

It has the potential to protect up to 80% of plant and animal species, secure 60% of necessary carbon stocks, and sustain 2/3 of clean water.

A net-zero future seems within reach with billionaires like Bezos, Gates, and Buffet on the cause. Their investments in green technology and the global carbon market can help make a difference.

Unfortunately, time is running out. The threat of climate change is looming – and its effects are already starting to take place.

Bezos’ billion-dollar commitment towards combating climate change is a welcome announcement.

Most Popular

Singapore’s Carbon Credit Market Surging At 21% CAGR

Late last year, the Ministry of Sustainability, and the Environment (MSE) and the National Environment Agency (NEA) had rolled out the Eligibility Criteria under...

Toucan Launches World’s First Liquid Market for Biochar Carbon Credits

Digital platform Toucan.earth is set to launch the world's inaugural 'liquid' market for biochar credits, in response to escalating interest from carbon credit buyers...

Spectaire Holdings’s Innovative Tech Helps Truckers Generate Carbon Credits

Spectaire Holdings Inc., a global leader in air quality monitoring and emissions reduction technologies, has announced a significant development in response to the mounting...

Oxford Revises Principles for Net Zero Aligned Carbon Offsetting

A team of Oxford University researchers has released an updated version of the flagship guidance on credible and net zero-aligned carbon offsetting. First published...

What Is COP28? Key Issues to Watch Out at 2023 Climate Summit

After a record-breaking year of devastating effects of climate change, from record wildfires in Greece and Canada to floods in Libya, the United Nations...

Climate Disclosure: New Corporate Standards for a Net Zero World

As part of the world’s continued efforts to combat climate change and transition towards net zero, one important piece of the puzzle is new...

Carbon Pricing: Understanding The Economics and Trends of Fighting Climate Change

As global temperatures continue to rise, the urgency surrounding climate policies has intensified, thrusting carbon pricing into the limelight of climate discussions. The race to...

The EU Corporate Sustainability Reporting Directive (CSRD): Key Things to Know

Companies operating in the European Union will have to deal with new non-financial and sustainability reporting requirements starting January 2024 with the EU's Corporate...