Amazon has launched a 2 billion dollar fund to support the development
of sustainable technologies and services to help itself and other companies
become net zero carbon by 2040.

The Climate Pledge Fund will invest in companies spanning different
industries such as transportation and logistics, energy generation, and
manufacturing.

“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,” said
Amazon founder and CEO Jeff Bezos in a statement.

“Companies from around the world of all sizes and stages will be
considered, from pre-product startups to well-established enterprises. Each
prospective investment will be judged on its potential to accelerate the
path to zero carbon and help protect the planet for future generations.”

In 2019, Amazon CEO Jeff Bezos announced a climate pledge to become net
zero carbon across its businesses by 2040, and to run on 100 percent
renewable energy by 2025.

Photo credit: Amazon, Facebook

Mittie B Brack News

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