The Bezos Earth Fund has stopped funding the Science Based Targets initiative (SBTi), a prominent international body that assesses companies' efforts to decarbonize in line with climate science.
The Bezos Earth Fund has stopped funding the Science Based Targets initiative (SBTi), a prominent international body that evaluates companies' efforts to decarbonize in alignment with climate science. The decision has raised concerns among researchers and advisors familiar with SBTi, who suggest it reflects a broader trend of wealthy individuals shifting away from supporting causes that contradict the stance of US President Donald Trump , a vocal climate change skeptic.
Professor Doreen Stabinsky, a member of SBTi's technical council, stated that Bezos's move aligns with a pattern observed among billionaires who are aligning themselves with Trump's anti-climate agenda. Stabinsky pointed to Bezos's previous decision to prevent the Washington Post's editorial board, which he owns, from endorsing presidential candidates, as further evidence of this trend. She argued that Trump's outspoken opposition to climate action, evident in his policies and messaging, influences the actions of influential figures like Bezos.The impact of this funding withdrawal on green investment and the energy transition is a source of worry for several experts. Kelly Stone, a senior policy analyst at ActionAid USA, expressed disappointment but not surprise, characterizing the move as part of a wider corporate trend of abandoning climate commitments. Peter Riggs, executive director of the US nonprofit Pivot Point, expressed concern about the signal sent to investors regarding the prioritization of renewable energy and low-carbon solutions in the current political climate. Riggs suggested that the decision may stem from a combination of factors: the Bezos Earth Fund's doubts regarding the efficacy of the SBTi's science-based standard and a desire to avoid drawing undue attention to climate commitments in the current political environment. An SBTi spokesperson confirmed that the three-year grant had concluded as originally planned and that no further funding requests had been made.
BEZOS EARTH FUND CLIMATE CHANGE SCIENCE BASED TARGETS INITIATIVE DONALD TRUMP GREEN INVESTMENT
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