How Jeff Bezos is spending the 10 billion of his Earth Fund
How does Bezos invest?
In February, Jeffrey Bezos posted a photo of the Earth on Instagram. In the caption, the richest man in the world announced his new project to save the world: the Bezos Earth Fund , "an initiative in support of scientists, activists, nonprofits and anyone else who seems to have a good idea to fight climate change. 'Climate change is the greatest threat to our planet,' Amazon's chief executive said. It committed $ 10 billion into the effort and said it would start issuing grants in the summer, ”writes The Atlantic . But the question is how Bezos will distribute money here.
THE FIRST GRANTS
Robinson Meyer of The Atlantic reported, citing anonymous sources, on the upcoming first round of grants, which are earmarked for $ 100 million each to the Nature Conservancy, the Environmental Fund, the Natural Resources Defense Council, the World Wildlife Fund and the World Resources Institute. Other resources ranging from $ 10 million to $ 50 million are for the Energy Foundation, the Union of Concerned Scientists, the ClimateWorks Foundation, and the Rocky Mountain Institute.
A MYSTERIOUS PRESENCE
“The fund's size makes it a huge presence in climate philanthropy. And, until now, the fund has been a mysterious presence, given the scarcity of information and the broad scope of funding areas, ”writes Axios .
SOON OF NEWS
Bezos initially said the first grants would come in the summer, but that wasn't the case. In any case, the list cited by The Atlantic "does not reflect the full range of organizations that the Earth Fund has spoken to and that will receive grants in this first phase, stay tuned," a representative of the fund told The Atlantic and to Axios.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/come-jeff-bezos-sta-spendendo-i-10-miliardi-del-suo-earth-fund/ on Sat, 07 Nov 2020 07:21:36 +0000.