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. Amazon.com Inc. said Thursday it wants to close that gap. Amazon
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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
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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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