Amazon Announces $2 Billion Climate Pledge Fund to Invest in Companies Building Products, Services, and Technologies to Decarbonize the Economy and Protect the Planet
SEATTLE, WA - Amazon has made another huge move in the retail sector, recently announcing that it has invested $2 billion in its commitment to sustainability. The Climate Pledge Fund, which promises to develop new technologies and services, will back other companies who are simultaneously working toward a zero carbon economy.
“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 Jeff Bezos, Founder and CEO. “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.”
According to a press release, Amazon partnered with Global Optimism last year to co-found The Climate Pledge. The association’s goal was to reach the Paris Agreement ten years early and be net zero carbon by 2040. Investments in innovations, the company noted, will surely be accelerated as more companies join the pledge.
The fund branches across multiple industries but most definitely extends to our own. How will Amazon boost innvoation in the agriculture industry? In retail?
We’re eagerly waiting to see how this commitment bares fruit for innovations in Amazon’s own grocery ventures and for Whole Foods. Keep reading AndNowUKnow for the latest news to hit the retail sector.