World Wildlife Fund (WWF) has welcomed $100 million grant from the Bezos Earth Fund to harness the power of nature to stabilize the climate crisis.
Rather than focusing solely on preventing pollution, nature-based solutions to the climate crisis help communities adapt to climate change and mitigate its impacts, delivering benefits for people and nature.
The portfolio of projects supported by this grant will take place in at least a dozen countries through collaboration with governments, multilaterals, NGOs, and local communities on three key initiatives:
- Protecting and restoring mangroves in Colombia, Fiji, Madagascar, and Mexico.
- Scaling up sustainable seaweed farming in the North Atlantic Rim and developing new markets to accelerate the expansion of the industry.
- Restoring and protecting forests and critical ecosystems through long-term integrated finance and protected area initiatives in the Amazon, Africa, and Central America.
In an instagram post Jeff Bezos, founder and chief executive of Amazon, stated: “I’ve spent the past several months learning from a group of incredibly smart people who’ve made it their life’s work to fight climate change and its impact on communities around the world. I’m inspired by what they’re doing, and excited to help them scale. … We can all protect Earth’s future by taking bold action now.”
President and CEO of WWF-US, Carter Roberts stated: “By investing in the power of nature-based climate solutions, these projects aim to deliver substantial emissions reductions, conserve nature in areas greater than the state of California and improve the resilience of more than 14 million people around the world.”
Roberts added: “Our best solutions both lower global emissions and strengthen the climate resilience for people in some of the world’s most vulnerable communities. Now we have the resources to put those solutions to work across the globe. With generous support from the Bezos Earth Fund, and our expected ability to leverage an additional $850 million from other partners, we believe we can bring nearly $1 billion of investments to these efforts.”