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Jeff Bezos, the founder and CEO of the well known company, Amazon, recently pledged to help stop climate change by donating an total of $10 billion.

The initiative was first announced by Bezos on his social media platforms back in February, where he explained that he will be putting in the money to start off. He then added that he will be issuing grants over the summer and said; "Earth is the one thing we all have in common – let's protect it, together."

This initiative comes after his similar scheme, which he called the Bezos Day 1 Fund, launched in September of 2018 where he pledged a $2bn donation to focus on sheltering homeless families.

Again, in November 2019, he announced that he would be donating $98.5 million to 32 different organisations. The funds were shared to the 32 organisations in 23 different states in America, and ranged from $1.25 million to $5 million for each organisation.

The Bezos Day 1 Fund website confirmed that the money has gone to support "meaningful, high-impact work to provide shelter and support for young families in communities" across the US.

The Amazon boss, whose net worth is estimated at $183.6 billion, recently confirmed the first of his $10 billion pledge, and shared the wonderful news on Instagram. Bezos wrote: "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. Today, I'm pleased to announce the first Bezos Earth Fund recipients – 16 organizations working on innovative, ambitious, and needle-moving solutions. This $791 million in donations is just the beginning of my $10 billion commitment to fund scientists, activists, NGOs, and others. We can all protect Earth's future by taking bold action now."

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The 56-year-old named the different recipients who will receive the first lot of donations. "The Climate and Clean Energy Equity Fund, ClimateWorks Foundation, Dream Corps Green For All, Eden Reforestation Projects, Energy Foundation, Environmental Defense Fund, The Hive Fund for Climate and Gender Justice, Natural Resources Defense Council, The Nature Conservancy, NDN Collective, Rocky Mountain Institute, Salk Institute for Biological Studies, The Solutions Project, Union of Concerned Scientists, World Resources Institute, and World Wildlife Fund," said Bezos.

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