Jeff Bezos Commits $10 Billion to Fight Climate Change

The fight against climate change is getting a massive boost from Amazon CEO Jeff BezosIn a post on his Instagram page, Bezos says he’s putting ten-billion-dollars toward the effort through the launch of the Bezos Earth Fund.

The world’s richest man calls climate change “the biggest threat to our planet” and says that scientists and activists are just some of the people and groups who will get money from his new initiative. The grants will be given out starting this summer.

“Climate change is the biggest threat to our planet. I want to work alongside others both to amplify known ways and explore new ways of fighting the devastating impact of climate change on this planet we all share,” Bezos writes. “This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world.”

Mr. Bezos has done little in the way of philanthropy in the past. With a net worth of $130 billion, he long preferred to focus on Amazon and other private ventures, such as Blue Origin, which makes rockets. Mr. Bezos also owns The Washington Post.

In 2018, Bezos created the Day One fund and a $2-billion commitment to anti-homelessness initiatives and early childhood education. The schools that Bezos is said to be setting up with that money have not yet opened. He has reportedly awarded lots of money with no real accounting of how it’s being spent. The awareness of Bezos’ lack-luster efforts in the past leads to some very obvious questions. What type of work will be funded? How much work will be funded? Any item of charity from a wealthy individual can come under scrutiny- but when you’re the richest person in the world, all eyes tend to fall on you; $10 billion is no number to laugh at, either.

What do you think?