Priorities of the Right Now Climate Fund
We support nature-based solutions, which refer to conservation, restoration and improved land management actions that increase carbon storage or avoid greenhouse gas emissions in forests, wetlands and grasslands across the globe.
Support ‘And/Also’ SolutionsWe use multiple solutions to reduce carbon emissions – driving reductions across our business operations and also supporting nature-based solutions.
Demonstrate Immediate ActionWe demonstrate immediate action toward reducing carbon in the atmosphere and mitigating the adverse effects of climate change.
Promote Global ScaleWe catalyse and promote nature-based solutions globally, and prioritise projects that can be scaled broadly.
Optimise for Carbon MitigationWe fund projects that optimise for carbon removed or avoided, while also being additional, quantifiable, real, permanent and socially-beneficial.
Improve Market MechanismsWe improve market mechanisms in order to increase the worldwide quality, supply and demand for carbon offsets.
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.
In May 2020, Amazon announced a €3.75 million commitment to The Nature Conservancy in an effort to mitigate climate change risks and increase species biodiversity in three German locations, with learnings shared across other European cities.
In April 2020, Amazon announced the funding of 10 million USD towards two projects that will help U.S. family forest owners sequester carbon, and will support expansion across Appalachia and other U.S. regions. Scientists at The Nature Conservancy have identified this network of climate-resilient forests as most able to thrive in the face of climate change.
- Urban Greening in GermanyAmazon is supporting The Nature Conservancy in an effort to reduce climate change risks and increase species biodiversity in three German cities. The initial project is in Berlin’s Charlottenburg-Wilmersdorf district. Learnings will be applied in two other German locations, and then shared across other European cities. With this, Amazon is recognising the urgency of the climate crisis and its impacts on urban communities.
Amazon’s commitment will fund The Nature Conservancy’s Urban Greening programme, which uses nature-based solutions to help cities become more climate-change resilient. The programme will collaborate with city officials and local community organisations to create and implement plans for:
- Reducing flood risk by improving rainwater retention via tree planting, revitalising urban wetlands and adapting existing green spaces;
- Reducing extreme heat and pollution by leveraging unused public spaces to plant trees and improving urban water bodies; and
- Increasing urban biodiversity by introducing pollinator-friendly species, climate-resilient plants and urban grasslands.
The programme starts in the Charlottenburg-Wilmersdorf district of Berlin and uses a science-based, municipality-wide and stakeholder-based approach to urban greening to ensure that projects are complementing existing local efforts. Two additional German cities will be chosen, in which the initial learnings from Charlottenburg-Wilmersdorf will be applied. The goal is to share a guide to urban greening with municipalities across Europe by the end of the five-year project.
Read our blog and press release.
- Family Forest Carbon Program and Forest Carbon Co-ops in the U.S.In April 2020, Amazon announced the funding of 10 million USD towards two projects that will help U.S. family forest owners sequester carbon and support expansion across Appalachia and other U.S. regions. Scientists at The Nature Conservancy have identified this network of climate-resilient forests as most able to thrive in the face of climate change.
Amazon, The Nature Conservancy, the American Forest Foundation and the Vermont Land Trust are partnering on two innovative projects – the Family Forest Carbon Program and Forest Carbon Co-ops. The Family Forest Carbon Program will open up carbon credit markets to small family forest owners for the first time. Amazon’s commitment will expand the programme in the Appalachians and other U.S. regions and go towards designing new methods for measuring and verifying reforestation and forest management practices. The Forest Carbon Co-op will help owners of mid-sized forests use sustainable forest management and protection measures to earn income via the carbon credit market. Amazon’s grant will support efforts to expand the programme in climate-resilient forests across the Appalachians, develop a scientific approach to regional carbon impact measurement, and enhance the project verification methodology.
Amazon is the largest funder of these programmes and will help:
- Conserve and sustainably manage forest land and wildlife in the Appalachian region, with plans to expand the projects across 4 million acres of the 2000-mile span of the Appalachians, and beyond.
- Generate economic opportunities by creating a new source of income for family forest owners and rural communities that taps into the carbon storage potential of forests. In the U.S., families and individuals own the largest portion of forests (38 %) – more than the federal government or corporations.
- Achieve a net reduction of up to 18.5 million metric tons of CO2 in the atmosphere by 2031 – the equivalent of the emissions of nearly 4 million U.S. cars in a year.
Read the blog and press release.