Amazon co-founds The Climate Pledge, setting goal to meet the Paris Agreement 10 years early
On September 19, 2019, Amazon and Global Optimism announced The Climate Pledge, a commitment to meet the Paris Agreement 10 years early. Amazon is the first signatory of this pledge. The Climate Pledge calls on signatories to be net zero carbon across their businesses by 2040—a decade ahead of the Paris Agreement’s goal of 2050.
Companies that sign The Climate Pledge agree to:
- Measure and report greenhouse gas emissions on a regular basis;
- Implement decarbonization strategies in line with the Paris Agreement through real business changes and innovations, including efficiency improvements, renewable energy, materials reductions, and other carbon emission elimination strategies;
- Neutralize any remaining emissions with additional, quantifiable, real, permanent, and socially-beneficial offsets to achieve net zero annual carbon emissions by 2040.
By joining The Climate Pledge and agreeing to decarbonize on a faster time horizon, signatories will play a critical role in stimulating investment in the development of low carbon products and services that will be required to help companies meet the pledge.
In addition to reducing carbon emissions across our business operations, Amazon has established a $100 million (USD) fund to restore and conserve forests, wetlands, and peatlands around the world. Through the Right Now Climate Fund, we are taking immediate action to remove or avoid carbon emissions by supporting nature-based climate solutions. Healthy forests, grasslands, and wetlands are some of the most effective tools we have to address climate change. Amazon is working with The Nature Conservancy to identify projects that can create real and lasting carbon reductions, while also empowering communities, enhancing natural environments, and protecting wildlife.