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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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Jeff Bezos, the world’s richest person, is committing $10 billion to fight climate change through the creation of the “Bezos Earth Fund.”
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Amazon's negative impact on the environment can be attributed to their business presence in logistics, supply chain, data centers, and consumer products.The company's large scale along with a heavy reliance on fossil fuels and plastic, as well as their anti-environmental lobbying practices [13] [14] contribute to the criticism.
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 ]
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