In non-coronavirus-related news…: Amazon is investing $10 million to help conserve or restore forests in the northeastern U.S., as part of its pledge to be carbon neutral by 2040, the company announced Tuesday. And as we know, Amazon always delivers.
It marks the first investment from Amazon’s $100 million Right Now Climate Fund, which was first unveiled last September in partnership with The Nature Conservancy, and aims to restore and protect forests and wetlands around the world, with the goal of removing carbon from the atmosphere.
The grant will be used to expand two programs being stewarded by The Nature Conservancy, the American Forest Foundation, and the Vermont Land Trust, which aim to open up carbon credit markets to small family forest owners and owners of mid-sized forests.
What is carbon credit?: Carbon credit programs allow companies to offset their greenhouse gas emissions by giving money to other entities or projects that are working to reduce carbon emissions.
In addition to the Climate Pledge, Amazon has taken other steps to tackle its environmental impact. In February, Amazon CEO Jeff Bezos pledged $10 billion to launch a new Earth Fund for combating climate change. It will issue grants to climate-oriented scientists and activists and other organizations in their efforts to “preserve and protect the natural world.”
By the way, 4/22 is Earth day! We’ll be celebrating virtually this year, but it’s a good reminder that we’re all in this together.