In an Instagram assertion on Monday, November 16, Amazon CEO and billionaire Jeff Bezos introduced the primary recipients of his $10 billion Earth Fund. In the assertion, he named the 16 organizations who collectively will obtain $791 million to proceed their work combating for local weather justice. His assertion is under.
“I’ve spent the previous a number of months studying from a bunch of extremely good individuals who’ve made it their life’s work to struggle local weather change and its affect on communities world wide. I’m impressed by what they’re doing, and excited to assist them scale. Today, I’m happy to announce the primary Bezos Earth Fund recipients—16 organizations engaged on progressive, bold, and needle-moving options. This $791 million in donations is only the start of my $10 billion dedication to fund scientists, activists, NGOs, and others. We can all shield Earth’s future by taking daring motion now.”
The recipients are listed so as of funding, with the large hitters first.
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The $100 million winners
Environmental Defense Fund’s $100 million grant will assist work that features completion and launch of MethaneSAT, a satellite tv for pc that won’t solely find and measure sources of methane air pollution world wide, but additionally present public entry to information that ensures accountability and drives deep reductions of this pollutant. The grant can even be used to construct confidence in carbon credit by enhancing scientific understanding of the storage and removing of carbon utilizing nature-based processes in forests, agricultural soils, and oceans, mentioned EDF.
The Natural Resources Defense Council acquired $100 million to advance local weather options and laws on the state degree, transfer the needle on insurance policies and packages centered on decreasing oil and fuel manufacturing, shield and restore ecosystems that retailer carbon (like forests and wetlands), and speed up sustainable and regenerative agriculture practices, it mentioned.
The funding can even develop and assist NRDC’s community of native, regional and nationwide companions which might be engaged on the bottom all through the U.S. to strengthen fairness and justice on the coronary heart of local weather advocacy. Additionally, a portion of the grant will go on to the NRDC Action Fund to assist its work to construct the political will for local weather insurance policies.
Another $100 million recipient is The Nature Conservancy who mentioned it plans to make use of the cash to guard the Emerald Edge forest within the United States and Canada.
The World Resources Institute is one other $100 million recipient. The cash will probably be doled out over 5 years and will probably be used to develop a satellite-based monitoring system to advance pure local weather options world wide. The system will monitor carbon emissions and seize doubtlessly dangerous adjustments to the world’s forests, grasslands, wetlands, farms, and different essential areas. The grant can even be used to spur the electrification of U.S. college buses by 2030—over 450,000 automobiles—bringing cleaner air and fewer carbon emissions to communities throughout the nation.
The World Wildlife Fund additionally acquired $100 million to assist shield and restore mangroves, which retailer carbon and shield coastal communities from the ravages of climate-accelerated climate occasions. It additionally will allow WWF to develop new markets for seaweed as an alternative choice to fossil fuel-based merchandise and to guard forests and different ecosystems from destruction in among the most necessary landscapes on this planet, it mentioned. WWF added that the grand will permit it to leverage one other $850M.
The $15-50 million winners
ClimateWorks Foundation acquired $50 million and can use the reward to drive local weather motion within the transportation and industrial sectors.
The Hive Fund for Climate and Gender Justice acquired $43 million over three years to assist develop grantmaking to organizations led by Black, Brown, and Indigenous ladies and different frontline…