The new fund is focused on technology investments to reduce the impact of climate change, the latest sustainability initiative from the company. The aim is to help amazon and the climate change cofounders reach a goal of “net-zero” carbon emissions by 2040. This will be reached through reducing the climate impact of their operations both through reduced use of fossil fuels and investments in projects like reforestation. Under pressure from climate-conscious investors, a number of major corporations have also set targets to reduce their emissions in an effort to align their business operations with the Paris accord. Many companies hope to reach these emissions targets by investing in what is known as carbon offsets projects outside normal company operations that can reduce emissions
