It’s all part of Amazon’s Climate Pledge Fund — sourced initially with $2 billion to help Amazon and other carbon-conscience companies become net-zero by 2040. To be a co-signatory, enterprises must commit to being net-zero by 2040 and to report regularly their CO2 emissions — transparently and clearly. But if this is not possible, then each co-signer must agree to credible offsets, which in effect means companies will achieve “net-zero” emissions. These companies are creating decarbonizing technologies that will help Amazon and other companies reach net-zero carbon by 2040. The Climate Pledge Fund is a catalyst that could spearhead the growth of tomorrow’s technologies and green businesses.

Source: Forbes February 18, 2021 14:00 UTC