World’s richest man, Jeff Bezos pledges Ksh 1 trillion-plus to fight climate change

Jeff Bezos, Amazon CEO and the world’s richest person. PHOTO/AMAZON

By OUR CORRESPONDENT

Jeff Bezos, the world’s richest person, is committing more than Sh 1 trillion ($10 billion) of his own money to fight climate change through the creation of the “Bezos Earth Fund.”

The Amazon (AMZN) CEO announced the launch on Instagram, asserting humans can save the Earth by using an inclusive approach that combines the efforts and resources of all stakeholders.

“We can save Earth. It’s going to take collective action from big companies, small companies, nation-states, global organizations, and individuals,” the post stated.

“I’m committing $10 billion to start and will begin issuing grants this summer. Earth is the one thing we all have in common — let’s protect it, together.”

According to Yahoo Finance, Bezos, who has a net worth of $130 billion, is no stranger to the climate change fight. In September 2019, the Amazon founder announced: “The Climate Pledge,” which stated that the retail behemoth’s ultimate goal is to become carbon-neutral by 2040.
Jeff Bezos studied computer science and electrical engineering at Princeton University. PHOTO/AMAZON

At the same time, Bezos has been criticized about contributions made by himself and Amazon. Observers recently accused Bezos of being stingy after he donated $690,000 toward relief efforts related to devastating wild fires in Australia (which experts link to climate change).

And Amazon, which Bezos founded in 1994, routinely pays an incredibly low tax rate on billions in profit.

Former Democratic presidential candidate Andrew Yang praised Bezos’s initiative while cautioning that the problems posed by climate change would require “nation-scale resources” to successfully combat.

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