Amazon announced today the launch of The Climate Pledge Fund, which will use an initial $2 billion in funding to back clean technology companies including those in the food and agriculture space.
The fund is part of the broader Climate Pledge, an initiative founded by Amazon and Global Optimism last year to achieve net zero carbon by 2040, 10 years earlier than the Paris Agreement deadline.
From Amazon’s Climate Pledge Fund page:
In order to meaningfully reduce the amount of net greenhouse gas emissions, low-carbon solutions need to be developed in all sectors of the global economy. The Climate Pledge Fund will invest in companies in multiple industries, with an initial focus on: transportation and logistics; energy generation, storage, and utilization; manufacturing and materials; circular economy; and food and agriculture. Companies of all sizes and stages will be considered, from pre-product startups to well-established enterprises looking to scale. The scope of The Climate Pledge Fund is global and will consider investments in companies developing products or services that reduce carbon emissions and help preserve the natural world.
The fund announcement comes while the world is still in the throes of a global pandemic, which has had both positive and negative impacts on the environment.
There are plenty of opportunities for Amazon to make a big impact when it comes to de-carbonizing the meal journey. We cover a ton of startups that are fighting food waste, developing tools for sustainable and precision agriculture, and creating alternative proteins that don’t require resource intensive livestock raising.
The Climate Pledge Fund is accepting “indications of interest” right now via email.