Amazon made Jeff Bezos very rich. In 2020, he decided to pledge a portion of that wealth — $10 billion — to launch the Bezos Earth Fund. It is the largest commitment to climate philanthropy ever made and, by most measures, a vast amount of money. But it is also a small fraction of the $3.5 trillion that is needed annually to hit net zero by 2050. To make an impact, it has to be spent strategically and attract a lot more money from governments and corporations. 

This week on Zero, Akshat Rathi asks Bezos Earth Fund CEO Andrew Steer how the fund spends its billions, what counts as success, and how competition between billionaires is shaping climate philanthropy.

Read a transcript of this episode, here.

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, as well as Robin Pomeroy at the World Economic Forum for arranging studio space. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

Amazon made Jeff Bezos very rich. In 2020, he decided to pledge a portion of that wealth — $10 billion — to launch the Bezos Earth Fund. It is the largest commitment to climate philanthropy ever made and, by most measures, a vast amount of money. But it is also a small fraction of the $3.5 trillion that is needed annually to hit net zero by 2050. To make an impact, it has to be spent strategically and attract a lot more money from governments and corporations. 
This week on Zero, Akshat Rathi asks Bezos Earth Fund CEO Andrew Steer how the fund spends its billions, what counts as success, and how competition between billionaires is shaping climate philanthropy.
Read a transcript of this episode, <a href="https://www.bloomberg.com/news/articles/2023-05-04/transcript-zero-episode-37-how-the-bezos-earth-fund-spends-its-billions">here</a>.
Zero is a production of Bloomberg Green. Our producer is Oscar Boyd and our senior producer is Christine Driscoll. Special thanks to Kira Bindrim, as well as Robin Pomeroy at the World Economic Forum for arranging studio space. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit <a href="https://www.bloomberg.com/green">https://www.bloomberg.com/green</a>.

Zero is about the tactics and technologies taking us to a world of zero emissions. Each week Bloomberg’s award-winning reporter Akshat Rathi talks to the people tackling climate change – a venture capitalist hunting for the best cleantech investment, scientists starting companies, politicians who have successfully created climate laws, and CEOs who have completely transformed their businesses. The road to zero emissions has many paths and everyone’s got an opinion about the best route. Listen in.

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How the Bezos Earth Fund spends its billions

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/121844cb-50d6-4065-9ee3-aff60100524a/transcript

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