Amazon started as online book store and has grown to be the worlds largest online retailer.
Amazon invests in Nature-Based Carbon Removal Solutions in Brazil
Amazon has invested in Nature-Based Carbon Removal Solutions in Brazil through the launch of the Agroforestry and Restoration Accelerator in partnership with The Nature Conservancy, a global environmental organization. The Accelerator will create a more sustainable source of income for thousands of local farmers in the Brazilian Amazonian state of Pará, while also restoring native rainforests and fighting climate change by naturally trapping and storing carbon.
According to the Intergovernmental Panel on Climate Change, nature-based carbon removal solutions have a critical role to play in avoiding the worst effects of climate change. Governments and the private sector can both reduce carbon emissions and remove carbon from the atmosphere by investing in nature-based solutions at scale. The Agroforestry and Restoration Accelerator is one such carbon removal project, and part of Amazon’s commitment to meeting The Climate Pledge, which the company co-founded with Global Optimism. Signatories to the Pledge commit to reaching net-zero carbon by 2040—10 years ahead of the Paris Agreement.
As part of its commitment to meet The Climate Pledge, Amazon is first and foremost continuing to innovate and invest in decarbonizing its businesses. The company has purchased 100,000 electric delivery vehicles, and is the largest corporate buyer of renewable energy in the world. Amazon is also investing in nature-based solutions outside of its value chain through the Right Now Climate Fund, which supports the Accelerator and other projects to restore degraded lands in ways that improve the livelihoods of local communities and remove carbon from the atmosphere.
“Restoring the world’s forests is one of the most meaningful actions we can take right now to address climate change, and it will require innovative solutions to be successful,”
“We are proud to launch the Agroforestry and Restoration Accelerator in partnership with The Nature Conservancy to support solutions that prioritize high environmental integrity and strong community benefits. Amazon is looking forward to contributing our passion for innovation along with financial support to improve the livelihoods of local communities in Brazil, while helping to protect the planet for future generations.”
– Kara Hurst, vice president of worldwide sustainability at Amazon