E-commerce giant Amazon.com Inc. (AMZN) is launching a Climate Pledge Fund that will invest in companies developing products, services, and technologies that will "facilitate the transition to a zero carbon economy," as stated in the company's press release. In 2019, Amazon was a co-founder of The Climate Pledge, which aims to reach the goals of the Paris Agreement 10 years ahead of schedule by generating net zero carbon emissions by 2040. Other signatories include Verizon Communications Inc. (VZ) and Infosys Ltd. (INFY).1 Amazon said its initial investment in the climate venture fund will be $2 billion, but the company did not detail over what time period it planned to invest the money.2
