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The Climate Pledge Fund makes investments into early-stage companies focused on decarbonizing or sustainable technologies and services. The fund is part of Amazon's Climate Pledge initiative with climate advocacy group Global Optimism. It was funded with an initial $2 billion in June 2020.
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Climate finance in the United States has evolved significantly over the past few decades, shaped by international agreements, domestic policy actions, and private sector involvement. The U.S. approach to climate finance is built on the premise of leveraging economic incentives and market-based mechanisms to address climate change.
The Amazon Fund has a Guidance Committee (COFA), responsible for setting guidelines and monitoring the results achieved, and a Technical Committee (CTFA), which is tasked with certifying the calculations made by the Ministry of the Environment and Climate Change (MMA) regarding the actual reductions in carbon emissions from deforestation.
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The Green Climate Fund (GCF) is a fund for climate finance that was established within the framework of the United Nations Framework Convention on Climate Change (UNFCCC). Considered the world's largest fund of its kind, GCF's objective is to assist developing countries with climate change adaptation and mitigation activities. [ 1 ]