Amazon Founder and CEO Jeff Bezos addresses the viewers throughout a keynote session on the Amazon Re:MARS convention on robotics and synthetic intelligence on the Aria Resort in Las Vegas, Nevada on June 6, 2019.

Mark Ralston | AFP | Getty Pictures

Amazon founder and CEO Jeff Bezos on Monday introduced the launch of a brand new Earth Fund that the e-commerce chief plans to make use of to fight the consequences of local weather change.

He stated in an Instagram publish that he is pledging $10 billion to start out the fund, which might be referred to as the Bezos Earth Fund, and can subject grants to scientists, activists and different organizations of their efforts to “protect and defend the pure world.”

“We are able to save Earth,” Bezos wrote in his publish. “It should take collective motion from huge corporations, small corporations, nation states, international organizations, and people.”

“Local weather change is the largest risk to our planet,” he added. “I wish to work alongside others each to amplify identified methods and to discover new methods of combating the devastating impression of local weather change on this planet all of us share.”

Bezos added in his publish that he expects the Earth Fund to start issuing grants to climate-oriented causes as quickly as this summer time.

Information of the brand new fund, although sudden, comes as Amazon seeks to handle criticisms that its e-commerce and delivery enterprise gas international carbon emissions. The corporate has in current months launched initiatives designed to assist curb its environmental impression.

Final yr, Bezos unveiled an ambitious plan to tackle climate change and dedicated the vendor to honoring the targets of the Paris Settlement 10 years early regardless of President Donald Trump’s withdrawal from the landmark local weather accord earlier in his time period.

As a part of these plans, Amazon stated in September it could purchase a fleet of electrical vans to start out delivering packages to prospects in 2021, with 10,000 of the brand new automobiles working by 2022 and all 100,000 working by 2030.

Bezos added on the time that the vendor of every thing from textbooks to lawnmowers will report its emissions metrics regularly and introduce decarbonization methods. Amazon expects 80% of its power use to come from renewable energy sources by 2024, up from a present price of 40%, earlier than transition to zero emissions by 2030.

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