Amazon CEO Jeff Bezos donates $10bn to counter the effects of climate change

Secretary of Defense Ash Carter gives Jeff Bezos, Founder, Chairman & CEO of a tour of the Pentagon during a visit May 5 , 2016. (DoD photo by Senior Master Sgt. Adrian Cadiz)(Released)

Amazon’s CEO Jeff Bezos aka the richest man in the world has pledged $10bn from his fortune to fund researchers, scientists and activists to protect the environment against the effects of climate change. He is among the growing number of billionaires who have pledged to support the efforts of groups fighting the good fight against global warming.

“Climate change is the biggest threat to our planet,” Bezos wrote in an Instagram post “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share.” 

Bezos’ newly formed Earth Fund will fund efforts by “scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world,” he wrote in his post. 

Bezos also said that it will take “collective action from big companies, small companies, nation-states, global organizations, and individuals” to “Save the Earth”. 

The amount of $10bn is just a start, Bezos will also be issuing grants starting this summer. 

Bezos concluded his post by saying, “Earth is the one thing we all have in common — let’s protect it, together.⁣⁣⁣”

Last year, Bezos had pledged to make Amazon net carbon neutral by 2030 and to buy 100,000 electric delivery vehicles from US startup Rivian Automotive LLC. Amazon has faced protests by environmental activists in France and rising pressure from its own employees to do more on climate change. 

Bezos joins the list of billionaires who have pledged substantial amounts to fight climate change. The list includes Microsoft founder Bill Gates, financial-data company founder Mike Bloomberg and Tom Steyer among more.