Amazon CEO Jeff Bezos announces the co-founding of The Climate Pledge at the National Press Club on September 19, 2019 in Washington, DC. | Photo by Paul Morigi/Getty Images for Amazon
Amazon launched a $2 billion fund today to advance technologies that will cut down greenhouse gases. The fund will help Amazon and other companies adhere to The Climate Pledge initiative it started in September 2019. That pledge committed the company, and others that sign onto it, to becoming carbon neutral by 2040.
To become carbon neutral, companies need tools to be able to reduce, offset, or capture all the planet-heating pollution they produce. The $2 billion will go toward advancements in transportation and logistics, energy generation and storage, manufacturing and materials, food and agriculture, and reducing or reusing waste. Companies can…