Amazon CEO and founder, Jeff Bezos, announced he is committing $10 billion to fight climate change.
The worlds wealthiest man made the revelation via his Instagram, announcing he will be personally pledging the funds in an effort to stem the current global climate problems affecting the planet.
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Today, I’m thrilled to announce I am launching the Bezos Earth Fund. Climate change is the biggest threat to our planet. I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share. This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world. We can save Earth. It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals. I’m committing $10 billion to start and will begin issuing grants this summer. Earth is the one thing we all have in common — let’s protect it, together. – Jeff
The $10 billion fund is part of the Amazon founder’s new initiative called; the Bezos Earth Fund, and will start distributing the money to organisations summer 2020.
Via the Instragram post, Bezos revealed the international initiative will fund scientists, activists, nonprofits and other non-governmental organisations working to offer a real possibility to help preserve and protect the natural world.
Currently there is little information on how to submit applications for the Jeff Bezos Earth Fund, along with what the process of screening and the selection of award-worthy organisations would be.
Bezos net worth is estimated to be $130 billion, according to ForbesForbes. This sustainability-focused donation represents a mere 7.7 per cent of his personal fortune and he will remain the richest person in the world after making the donation.
To find out more information on the Jeff Bezos earth fund visit Amazon Bezos Earth Fund online.