Jeff Bezos fund plans to restore 250 million acres of African land



Amazon.com founder Jeff Bezos wants to build an alliance with African and European countries to reverse deforestation and land degradation on 100 million hectares of land in Africa by 2030.

With the COP27 conference in Egypt approaching next month, Andrew Steer, CEO of the Bezos Earth Fund, said Reuters news That restoration goals include reducing carbon in the atmosphere, which translates to “better income for farmers, improved food security, and more resilient soils.”

Reuters Reports show that developing countries are making more demand for wealthier carbon-emitting nations to pay for climate-induced disasters such as floods and fires.

Asked how the Bezos Earth Fund views such compensation, Steyer said, “Rich countries will have to play a greater role in creating resilience in helping poor countries and poor citizens adjust.”

The Bezos Foundation has pledged 30% of its $10 billion fund to preserve nature, restore food systems, and transform food systems.

A spokesperson for the fund said Reuters Its total grants are just over $1.5 billion.

Bezos, whose fortune is estimated at more than $130 billion, is among a growing clique of tycoons seeking to tackle climate change with some of their fortunes.

But Bezos’ fund features the same principles that guide the bookseller he created to become the world’s largest online retailer.

Frameworks like “obsessed with results” and “people focus” are similar to language in Amazon’s principle of “customer obsession.”

By Narissa Subramoni

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