In addition to its major solar push updated in early 2020, Amazon CEO Jeff Bezos announced a $2 billion fund in June dedicated to reduce greenhouse gases that will align with its Climate Pledge. The goal of this major corporation? To become completely carbon neutral by 2040. The variables to get there will include proper tools to “reduce, offset, or capture the planet-heating pollution” that the company produces.
The budget set aside to reach this goal will go toward enhancements in transportation/logistics, renewable energy generation, storage, and a shift in manufacturing, materials, food and agriculture methods in efforts to reducing or reusing waste.
Per Bezos in a recent press release,
“The Climate Pledge Fund will look to invest in the visionary entrepreneurs and innovators who are building products and services to help companies reduce their carbon impact and operate more sustainably … Companies from around the world of all sizes and stages will be considered, from pre-product startups to well-established enterprises.”
Amazon also announced that by 2025, the corporation will rely solely on renewable energy sources. 1,800 electric vehicles were added to the fleet in August, with a goal of 100,000 on the road by 2030.