100 million USDIn 2019, Amazon created the Right Now Climate Fund, a 100 million USD fund to restore and conserve forests, wetlands and grasslands around the world. Through the Right Now Climate Fund, Amazon is taking immediate action to avoid and remove carbon emissions by supporting nature-based climate solutions.
Amazon has announced a €20 million allocation for nature-based projects to improve environmental conditions in the communities where it operates across Europe, as part of its Right Now Climate Fund. As the first recipient, we’ll be supporting the work of the Parco Italia urban forestry programme in Italy. Parco Italia aims to plant 22 million trees – one tree per city resident – across 14 metropolitan areas in Italy, as part of a reforestation and research programme. The project will also help cities to become more climate-change resilient, increasing urban biodiversity, improving air quality, and promoting urban cooling. [Photo credit: © Fabio Salbitano]
In 2021, Amazon announced the launch of the Agroforestry and Restoration Accelerator, in partnership with The Nature Conservancy. 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. The Accelerator will experiment with innovative ways to support farmers and nurture markets for sustainable forest-based commodities, including with digital technologies, and will advance new methodologies and satellite-based technologies for quantifying and monitoring carbon removal. [Photo credit: © Kevin Arnold]
In 2021, Amazon joined the LEAF (Lowering Emissions by Accelerating Forest finance) Coalition, a global initiative of governments and leading companies that aims to raise at least $1 billion USD to protect the world’s tropical rainforests. This ambitious public-private project is designed to accelerate climate action by providing financing to help countries protect their tropical rainforests. The LEAF Coalition is expected to become one of the largest initiatives ever to protect tropical forests and support sustainable development, and will benefit billions of people around the world who depend on rainforests.
In 2020, Amazon committed €3.75 million to The Nature Conservancy’s Urban Greening programme to help cities promote biodiversity, reduce urban heat islands and improve stormwater management in the face of climate change. With Amazon’s support, the programme launched in Berlin’s Charlottenburg-Wilmersdorf district in 2020 and will expand to two additional German cities over five years. The goal is to share a guide to urban greening with municipalities across Europe by the end of the five-year project.
'The LEAF Coalition is a groundbreaking example of the scale and type of collaboration that is needed to fight the climate crisis and achieve net-zero emissions globally by 2050. Bringing together government and private-sector resources is a necessary step in supporting the large-scale efforts that must be mobilised to halt deforestation and begin to restore tropical and subtropical forests.’
The Family Forest Carbon Programme opens up carbon credit markets to owners of small forests for the first time. Amazon’s support expands this programme in the Appalachians and other US regions, promoting the design of new methods to measure and verify reforestation and forest management practices.
The Forest Carbon Co-Op helps owners of mid-sized forests use sustainable forest management and protection measures to earn income through the carbon credit market. Amazon’s grant supports efforts to expand the programme in climate-resilient forests across the Appalachians, develop a scientific approach to measuring regional carbon impact and enhance the project verification methodology.
As the largest funder of these programmes, Amazon is enabling an estimated net reduction of 18.5 million metric tons of carbon dioxide in the atmosphere by 2031, equivalent to a year of emissions from nearly 4 million US cars. Our investment supports conservation and sustainable land management of 4 million acres of family forests across a 2,000-mile span of the Appalachians and beyond. Amazon’s support also generates local 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.