Living With Climate Change: Amazon is funneling more money to women fighting climate change. Statistics show better ROI.

by | Nov 3, 2022 | Stock Market

It’s all hands on deck if the world is to solve its climate-change dilemma in just a few decades. But money in female entrepreneurial hands is much harder to come by than for male counterparts. Inc. said Thursday it wants to close that gap. Amazon
and the U.S. Agency for International Development (USAID) are launching a public-private partnership to address the gender inequities for women in the climate-change finance ecosystem.

Amazon will commit a total of $53 million to help accelerate women’s climate-change solutions as the globe edges toward a net-zero emissions future that looks for replacements for polluting fossil fuels
and other energy-saving and sustainability efforts. The money expands efforts detailed with Amazon’s Climate Pledge, first announced in 2019. The pledge includes $3 million toward the USAID partnership and $50 million for Amazon to invest directly in climate tech companies run by women. And it hits just a few days before government and private-sector power players converge on Sharm El-Sheikh, Egypt, for the latest U.N. gathering to keep up the pressure on cutting emissions. The event is known as the Commitment of Parties, or COP27. Read: Rich nations are quitting their oil and gas habit too slowly, U.N. says in ’emissions gap’ report Amazon’s pledge also comes a few months after it released sustainability numbers that showed an increase in its emissions when delivery demand surged during the COVID-19 pandemic. The company has been commended for making these figures transpare …

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