Amazon: Amazon to invest $3 million in nature-based projects in India

AmazonAllocated $15 million to invest in nature-based projects in Asia Pacific (APAC). The e-commerce giant has already announced an initial investment of $3 million in nature-based projects in India. In 2019, Amazon created a $100 million Right Now Climate Fund to support nature conservation and restoration projects that enhance climate resilience and biodiversity.
The company established the program to reach net-zero carbon by 2040, which is 10 years ahead of the Paris Agreement. With this fund, the company also wants to deliver social and environmental benefits in the communities where it operates. The fund is part of a $15 million investment the company has promised in the APAC region.
What did Amazon say about the investment?
In a statement to PTI, the company said: “The first $3 million from the fund’s APAC allocation will support nature-based projects in India. “For its first project, will work with Amazon Wildlife Study Center ,cws) to support communities and conservation efforts in the Western Ghats, which are home to more than 30% of all India’s wildlife species, including the world’s largest populations of wild Asian elephants and tigers.
Amazon will “help establish” CWSwild carbonProgram. The project will also assist 10,000 farmers to plant and maintain one million fruit, timber and medicinal trees.
“To protect the region from the impacts of climate change and preserve biodiversity, we will need both large-scale and local action – and we are committed to investing in both,” he said. Kara HurstThe company’s global vice president for sustainability.

Meanwhile, Executive Director of CWS Kriti Karanth Said that Amazon’s support enables the company to plan and build a program that is self-sustaining in the long term.
Karanth said, “Farmers will get advance assistance for selected tree species that are useful for both their livelihood and wildlife, along with technical assistance, agroforestry training and assistance for replanting failed saplings.” “
Amazon’s climate pledge
Amazon’s climate pledge now has more than 400 signatories across 55 industries and 38 countries, including nine Indian companies. These companies include – Bluepine EnergyCSM Technologies India, Godi, Greenco, HCL, Infosys, Mahindra Logistics, Tech MahindraAnd UPL.
In 2022, the company launched six utility-scale projects in India and is reportedly on track to power its global operations with 100 percent renewable energy by 2025 — five years ahead of the initial 2030 target.
The projects include three wind-solar hybrid projects located in Madhya Pradesh and Karnataka, as well as three solar farms in Rajasthan, representing a total renewable energy capacity of 920 MW.
Amazon India It has also committed to deploy 10,000 electric vehicles in its delivery fleet by 2025. The project consists of three wind-solar hybrid projects located in Madhya Pradesh and Karnataka, as well as three solar farms in Rajasthan, representing a total renewable energy capacity of 920 MW.