Amazon launches $2B venture fund for climate tech

Amazon has committed $2 billion to The Climate Pledge Fund, a venture vehicle that will invest in companies addressing sustainability and low-carbon challenges. The idea behind the fund is to help Amazon and other companies fulfill the goals of The Climate Pledge, which aims to meet the Paris climate agreement targets a decade early, in 2040. Amazon's fund will target industries including transportation, logistics, energy, manufacturing and agriculture.

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