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Who is the man Jeff Bezos chose to spend $10 billion as head of his Earth Fund?

Who is the man Jeff Bezos chose to spend $10 billion as head of his Earth Fund?

MEGAN ROWLING TEN billion dollars - that's a lot of money for one person to invest in anything, especially in the space of just a decade. It's the staggering size of the Bezos Earth Fund, set up last year by the founder of online retailer Amazon.com, Jeff Bezos, to tackle climate change. That fund gets a new boss on Thursday: Andrew Steer. Announced in March, Steer's appointment went down well with experts in the climate world, following his respected stewardship of the World Resources Institute (WRI). Known as a straight talker, Steer brings decades of experience in international diplomacy and…
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Pounded by pandemic ‘storm’, poor nations need climate finance more than ever

Pounded by pandemic ‘storm’, poor nations need climate finance more than ever

MEGAN ROWLING Many developing nations are under huge financial stress from the COVID-19 crisis, making it more important than ever that they receive the funding promised by rich nations to help them tackle climate change, said the head of the Green Climate Fund. Yannick Glemarec said the poorer countries the fund supports lack the financial means to jumpstart their economies and are struggling to access capital, while their revenues from taxes, commodity exports and remittances have plunged. "For a number of developing countries, it's a perfect storm," the executive director of the multi-billion-dollar Green Climate Fund (GCF) told the Thomson…
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Climate fund for poor nations vows to drive green COVID recovery

Climate fund for poor nations vows to drive green COVID recovery

MEGAN ROWLING THE Green Climate Fund has promised developing nations it will ramp up efforts to help them tackle climate challenges as they strive to recover from the coronavirus pandemic, approving $879 million in backing for 15 new projects around the world. At a four-day virtual board meeting ending late Friday, the fund added Afghanistan and Sudan to a list of more than 100 countries receiving a total of $6.2 billion to reduce planet-heating emissions and enhance climate resilience. The Green Climate Fund (GCF) was set up under U.N. climate talks in 2010 to help developing nations tackle global warming,…
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