Climate change is likely one of the biggest threats humanity is facing right now and while activists such as Greta Thunberg have been demanding policy makers to implement major changes to help save the planet, it seems tech moguls have finally decided to heed the call as well.

In a new post on Instagram, Amazon CEO Jeff Bezos announced a new fund to fight climate change. Bezos is pledging $10 billion to the cause, and, according to his post, “will begin issuing grants this summer.”

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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

A post shared by Jeff Bezos (@jeffbezos) on

Bezos will be using the money to help fund NGOs, activists, scientists, and any efforts that are aimed at protecting the earth from the impact of climate change. Also, according to a person close to the fund who spoke with The Verge, the fund will not engage in private sector investment and will instead focus on charitable giving.

In his post announcing the new fund, Bezos said, “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.”

Details around the fund are currently hard to come by, especially since the only actual public information around the fund is the post Bezos made on Instagram. However, we are expecting more information around the fund — how activists, NGOs and scientists can apply for a grant, and how grants will be given — to come out soon.

VIAThe Verge

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