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News > Global environmental current affairs > Amazon launches $2 billion Climate Pledge Fund

Amazon launches $2 billion Climate Pledge Fund

2020-08-07

Amazon announced the establishment of The Climate Pledge Fund on the 23rd, initially allocating $2 billion to promote technologies and services that align with its climate commitments. Amazon and Global Optimism jointly launched the Climate Pledge last September, aiming to achieve net-zero carbon emissions by 2040, 10 years earlier than the 2050 target set by the Paris Agreement. Amazon founder and CEO Jeff Bezos stated that the Climate Pledge Fund will invest in visionary entrepreneurs and innovators who develop products and services that help businesses reduce their carbon footprint and ensure sustainable operations. The fund's investments cover various sectors, from transportation, energy, storage, manufacturing and materials, the circular economy, to food and agriculture. Furthermore, Amazon revealed its current progress in mitigating climate change, stating that it may achieve its goal of using only renewable energy by 2025, five years ahead of schedule. (Source: Hong Kong Economic Journal)

資料來源：信報財經新聞

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