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The Bezos Earth Fund, created by Amazon founder and CEO Jeff Bezos and worth $ 10 billion, just distributed $ 791 million in donations to large environmental organizations that focus on restoring forests and wildlife and reducing carbon emissions.
The fund, which lacks a website, board of directors, or even a grant application process, was brought to life Monday with grants to the Nature Conservancy, the Natural Resources Defense Council, the World Wide Fund for Nature, the Institute. of World Resources and the Environmental Defense Fund.
the Nature Conservancy announced his receipt for $ 100 million in Bezos dollars, saying it would go towards “protecting the Emerald Edge forest in the United States and Canada,” as well as “efforts to reduce the carbon footprint of agricultural practices in Northwest India and reduce the contribution of agriculture to Delhi’s air pollution. “
“WWF is deeply grateful for this transformative investment and the impact this commitment will have on millions of people around the world,” said a statement on the World Wildlife Fund website.
WWF will take your donation and use it to restore mangrove forests, considered a natural solution to climate change due to their increased ability to sequester carbon at their roots, and to investigate new markets for algae farming, an aquaculture activity that supports developing economies without deforestation. .
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“I have spent the last few months learning from a group of incredibly smart people who have made their lives fighting climate change and its impact on communities around the world,” Bezos wrote in an Instagram post.
A myriad of smaller organizations also received money, including the Salk Institute for Biological Studies, the Union of Concerned Scientists, the Rocky Mountain Institute, and more.
Many of these smaller grants were for carbon reduction targets, with the Union working to promote electric trucks, the Salk Institute for its plant project to genetically amplify the carbon-sequestering parts of the roots of common agricultural crops; and the Rocky Mountain Institute for a campaign to create carbon-free buildings.
MORE: Jeff Bezos is donating $ 10 billion in grants to innovators in the climate battle
The Bezos grants are likely an attempt to help reduce the carbon footprint of the world’s largest retailer, which the founder hopes will be carbon neutral through a strategy of reducing emissions and carbon credits by 2040.
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