Bezosalso bestowed money on groups concerned with environmental justice, including Dream Corps’ Green For All, the Hive Fund for Climate and Gender Justice, and the Solutions Project.t.
Leaders of the groups receiving funds said they met earlier this year with Bezos and his partner Lauren Sánchez to discuss what they would do with the grants.
“Climate change is the biggest crisis facing humanity but, despite lots of great work, has been an underfunded area of philanthropy,” said Jules Kortenhorst, head of the Rocky Mountain Institute, which received $10 million. Krupp said that the $100 million grant to the Environmental Defense Fund would be spread over three years, and much of it would go toward fully funding a satellite the organization plans to put into orbit to monitor methane emissions. Methane is a powerful greenhouse gas that can be 80 times more potent than carbon dioxide.The money would give a boost to the group, which ordinarily has a budget of about $230 million a year.“Thanks to this and other funding, we will cut methane pollution from the oil and gas industry by 45 percent by 2025, which will be the same 20-year benefit of closing a third of the world’s power plants,” Krupp said.Krupp also said that currently less than 2 percent of global philanthropy is directed at solving climate change.
Wildlife Fund said it would use its $100 million grant to “harness the power of nature” including the protection and restoration of mangroves in Colombia, Fiji, Madagascar, and Mexico; the development of new markets for seaweed as an alternative to fossil fuel-based products; and the restoration and protection of forests.
WWF’s chief executive Carter Roberts said in a statement that the group could use the money from Bezos to leverage an additional $850 million from other partners.