Jeff Bezoz to create $10 billion fund focused on dealing with climate change

Jeff Bezoz to create $10 billion fund focused on dealing with climate change

- Jeff Bezoz, the president and chief executive officer (CEO) of Amazon, has announced the creation of a $10 billion fund to deal with climate change

- His fund, the Bezoz Earth Fund, will support various groups of people to ensure the preservation of the natural world

- Bezoz is already an investor with Breakthrough Energy Ventures, which provides technological solutions to deal with climate change

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The president and chief executive officer (CEO) of Amazon, Jeff Bezoz, has announced plans to create a $10 billion fund focused on dealing with climate change.

Announcing his intent on Instagram, Bezoz explained that the Bezoz Earth Fund will provide funding for scientists, activists and non-governmental organizations (NGOs) to help preserve and protect the natural world.

YEN.com.gh understands that Bezoz is already an investor in Breakthrough Energy Ventures, which is focused on providing finance for the development of technologies that reduce climate change.

READ ALSO: Amazon pulls out of Mobile World Congress over fears of coronavirus

It is also working on the reduction of the use of fossil fuels and carbon emissions in industries, including energy generation, food production and manufacturing, techcrunch.com reports

Information available shows that Bezoz is personally funding the plan as the project has no support from Amazon, techcrunch.com reports.

According to Bezoz, solving climate change “is going to take collective action from big companies, small companies, nation states, global organizations and individuals.”

In other news. the United Nations Children's Fund (UNICEF) has expressed interest in supporting a health app that serves as an advisor using WhatsApp and Facebook Messenger as platforms.

The app, Lily Health, is set to attract between $50 to $250,000 from the United Nations’ agency. Duke University and UNICEF announced that the app has been given a spot in the Duke-UNICEF Innovation Accelerator.

Per a report by Business Insider, the programme gives the opportunity for social enterprises to tackle the most pressing challenges that children and youth around the world contend with.

YEN.com.gh understands that the app gives over 120,000 women in Kenyan the ability to monitor their health statuses.

Lily Health is set to join five other entrepreneurs in the Innovation Accelerator programme to create and improve innovative ways of addressing menstrual health and hygiene in East Africa and beyond.

In the course of the two-year Innovation Accelerator programme, the entrepreneurs would be exposed to several resources.

These include UNICEF subject matter experts, mentorship opportunities, Duke University faculty and students, monthly capacity-building webinars, and a week-long residency at the Duke Innovation & Entrepreneurship Initiative (I&E).

The beneficiaries are to provide solutions that span from digital apps to reusable and disposable pads, to community health models – all aim to strengthen menstrual health, hygiene, and management while tackling pervasive cultural taboos and educational barriers surrounding menstruation.

READ ALSO: Jeff Bezoz smiles as comedians react to his divorce which cost him $38 billion

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Source: Yen

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