Jeff Bezos Commits $10 Billion to Fight Climate Change

Amazon Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofits and other groups fighting to protect the environment and counter the effects of climate change, he said on Monday.

Bezos, who is the world’s richest man, is among a growing list of billionaires to dedicate substantial funds towards combating the impact of global warming. “Climate change is the biggest threat to our planet,” Bezos said in an Instagram post. “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.”

The Bezos Earth Fund will begin issuing grants this summer as part of the initiative. “It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals,” Bezos said.