The world’s richest man has announced that he is setting up a £7.7bn fund that will give grants to organisations tackling climate change.
Jeff Bezos, founder and chief executive of the retailing giant Amazon, announced in an Instagram post yesterday that he was giving the funds to establish the Bezos Earth Fund, which will begin giving out grants next year.
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Today, I’m thrilled to announce I am launching the Bezos Earth Fund.??? ??? Climate change is the biggest threat to our planet. I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share. This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world. We can save Earth. It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals. ??? ??? 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.??? ??? - Jeff
It is yet not clear how funds will be distributed, how any application process might work and if UK-based organisations will be eligible to apply.
Bezos, who founded Amazon in 1994, has an estimated net worth of £100bn.