Jeff Bezos has pledged $10 billion in grants through the ‘Bezos Earth Fund’ initiative to fight the impacts of climate change.
The funds will be available from this summer and are aiming to spark ‘collective action from big companies, small companies, nation states, global organizations, and individuals.’
Bezos announced the new fund on Instagram, posting, ‘Climate change is the biggest threat to our planet. 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. This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.’
Larry Kramer, President of the William and Flora Hewlett Foundation – one the leading grantmakers in climate and energy – described the new initiative as an ‘incredibly exciting, incredibly important development’. Kramer has been a long-time advocate about the need for philanthropy to step up on climate change.
Larry Kramer commented, ‘Philanthropic grantmaking has helped achieve notable progress in the battle to mitigate a climate catastrophe, but we have lacked the necessary resources to cover many aspects of the fight. If the Earth Fund works collaboratively with existing efforts to complete what has been started, catalyze new efforts where there are gaps, and generate new momentum for a climate-friendly future, it can be a literal game-changer.’
From January 2020, Alliance has committed to weekly coverage until 2030 providing over 500 pieces of unique content on climate philanthropy over the next decade.