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Amazon will create a Fund of $2 billion to support sustainable development

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June 25, 2020
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Amazon will create a Fund of $2 billion to support sustainable development
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Amazon will create a Fund of $2 billion to support sustainable razvitiya Blinkova | 25.06.2020

Amazon создаст фонд на $2 млрд для поддержки устойчивого развития

Amazon plans to create a Fund of $2 billion to invest in technology that will deal with carbon dioxide emissions into the atmosphere of our planet. The Fund is expected to receive
the name of the Amazon Climate Pledge. The funds will be invested in products and services, which ultimately will help companies to the technological cycles with zero emissions of greenhouse gases in
atmosphere.

The Fund will invest in any company around the world — and will be treated as startups and large established organizations. Among the sectors — transport, logistics, generation
electricity, storage and disposal of waste, production and sozdanie new materials, agriculture, and more.

Previously, Amazon was accused of having links with the oil companies and demanded a better attitude to the environment. At the time a petition signed by 8,700 employees.

In addition to the Amazon Climate Fund Pledge the company also invested $440 million in startup for the production of electric vehicles Rivian, and also provided $100 million Fund Right Now Climate Fund, which is
landscaping.

The head of the company Jeff Bezos has a personal Fund of $10 billion “for the environment”, it is called Bezos Earth Fund. Earlier it was reported that in June the Fund of Jeff Bezos will Finance scholars
activists and non-governmental organizations that “offer practical ways to preserve and protect nature.”

It is noted that in 2019, the Amazon was thrown into the world of 51.2 million tons of carbon dioxide. Globally, in the past, humanity was thrown 33.3 billion tons of carbon dioxide: this
the indicator is stable for the last three years. The US, for example, reduced vybrosa 2.9%, EU 5%, Japan — 4%. China, by contrast, increased its emissions by 2.6%.

In order to reduce the burden on the atmosphere, Amazon launched four projects of “green energy” – data centers in Australia, Spain and Virginia will be fed with electricity from solar panels
and in Sweden from a wind farm. Overall, by 2030 the Amazon declares the goal to switch completely to renewable energy sources.

eco-friendly manufacturing

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