Know About Climate Pledge Fund - Amazon Sustainability

Editor

20th Oct'20

In June 2020, Amazon announced the Climate Pledge Fund to support the advancement of sustainable and decarbonizing technologies and services that will enable Amazon and other businesses to meet the goals set by The Climate Pledge. The fund committed an investment program with an initial $2 billion in funding that will invest in visionary companies whose products and solutions will facilitate the growth of a low-carbon economy.

 

To reduce the percentage of net greenhouse gas emissions, low-carbon solutions need to be expanded in all sectors of the global economy. The Climate Pledge Fund will invest in companies in numerous industries, with an initial focus on transportation and logistics, energy generation, storage, and utilization, manufacturing and materials circular economy, and food and agriculture. Companies of all sizes and phases will be considered, from pre-product startups to well-established companies looking to upgrade. 

 

The scope of The Climate Pledge Fund is global and will analyze investments in businesses developing products and services that reduce carbon emissions and help preserve the natural world.

 

All About Amazon's Climate Pledge Fund

The pledge fund is all about how the whole-economy approaches to tackle climate problems. The Climate Pledge Fund is a dedicated $2 billion venture investment program approving sustainable technologies and services that will help Amazon and other companies to meet The Climate Pledge. It is a commitment to be net-zero carbon by 2040. 

 

Visit the links to know and understand more about the Climate Pledge Fund:

Amazon launches a $2 billion Climate Pledge Fund 

The Climate Pledge Fund will invest in companies creating products, services, and technologies to protect the planet. For detail, click here.

Update: Amazon announces $2 billion Climate Pledge Fund

Amazon has announced its $2 billion Climate Pledge Fund to invest in sustainable technologies and services that will help the company reach its commitment to be net-zero carbon in its operations by 2040. Read more, click here.

Amazon Launches $2 Billion Fund To Invest In Climate Change

After facing criticism about its environmental record in recent years, Amazon is launching a new $2 billion venture capital fund—as part of its “Climate Pledge”. Read more, click here.

Update 2: Amazon launches a $2 billion Climate Pledge Fund

The Climate Pledge Fund will invest in companies creating products, services, and technologies to protect the planet. For detail, click here.

 

Amazon Climate Pledge Fund Commercial

The Amazon pledge funds have come up with other investment options in a different sector for the overall growth of the planet. Investments in the commercial sector are one such division.

 

Read the links below to understand more about commercial funds:

5 companies received the amazon climate pledge fund investment

Amazon identified the first five companies to receive investments from their $2 billion Climate Pledge Fund.Read more, click here.

Funds to invest in companies

The Climate Pledge Fund will invest in companies in multiple industries, including transportation and logistics, energy generation, storage and utilization, manufacturing and materials, circular economy, and food and agriculture. Read more, click here.

Funds for climate technologies

Since then, Amazon has made several moves to advance its goal of relying on renewable energy. As part of the Climate Pledge, Amazon agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian, after it invested $440 million in the company. Read more, click here.

 

Importance of the Climate Pledge Fund

The step taken by the Amazon was an impressive approach for the betterment of our mother earth. It's our responsibility to help the planet to grow better each coming day. Amazon's launch has brought sustainable growth in the business world.

 

To know more, read the links below

Pledge Funds attains momentum

Amazon is engaged in 91 various renewable energy projects across the globe, which it says comprises more than 2,900 MW of capacity (capable of powering approximately 680,000 homes). Read more , click here.

 

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Contributor: Sareen Yasmin

Her passion includes creative writing, reading, and playing around with words. She is looking forward to bringing some change with the power of pen and thoughts. Mic and pen are her best friends.

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