The e-Retailer giant has launched a US$2 billion venture which is meant to fund the companies which are developing ways of cutting greenhouse gas emissions which makes Amazon one of the latest corporate effort allocating a large sum of resources to combat climate change.
Amazon said in a press release that it would focus mostly on startups which would help it and other businesses achieve a “net zero” emissions by the year 2040. The company also invests across different industries which includes transportation, energy generation, energy storage, manufacturing, materials and agriculture.
One of the main reasons for the drastic actions by Amazon is due to the mounting pressure from the general public as well as its employees requesting the it reduce it’s carbon footprint due to the rising danger of climate change.
Back in last September, a number of Amazon employees walked out of the company to join in on the global climate strike ahead of the United Nation Climate Summit and that sort of pushes the tech giant to take drastic actions.
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This though isn’t the first time Amazon is trying to show it’s commitment into the climate change issues as the company’s CEO and founder Jeff Bezos had himself said he would pledge a whooping US$10 billion of his personal asset to scientists, activists and even NGO s working to address climate change.
But Amazon isn’t the only company doing this as other tech giants including Microsoft had earlier announced it would donate US$1 billion on “Carbon reduction, capture and removal technologies” as part of its effort to offset the company’s emissions across it’s entire history.
Amazon emits more than 50 million metric tons last year which aside it’s financial aide to the organizations trying to keep everything in place, the company itself needed to do even more to curb off the emission which is why the company must also do other things as well as investing in renewable energy and so forth.