Amazon Unveils $2 Billion Fund To Invest in Startups Building Sustainable Technology

Amazon on Tuesday launched The Climate Pledge Fund, a new venture capital investment program that will funnel an initial $2 billion into startups building sustainable technologies across various industries such as transportation, food, manufacturing, and more. From a report: The fund is part of Amazon's Climate Pledge announced by the tech giant last year as the company promised to become net carbon neutral by 2040. "The Climate Pledge Fund will look to invest in the visionary entrepreneurs and innovators who are building products and services to help companies reduce their carbon impact and operate more sustainably," Amazon CEO Jeff Bezos said in a statement. "Companies from around the world of all sizes and stages will be considered, from pre-product startups to well-established enterprises. Each prospective investment will be judged on its potential to accelerate the path to zero carbon and help protect the planet for future generations." The Climate Pledge aims to meet the goals of the Paris Agreement on climate change 10 years ahead of schedule.

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