Areas to be targeted by Climate Pledge Fund will include transport, logistics, manufacturing, materials, renewable energy, food and agriculture technology.

US-based e-commerce, cloud computing and consumer device group Amazon launched a $2bn investment fund yesterday that will back developers of products that can support carbon reductions.

The Climate Pledge Fund is targeting transportation, logistics, manufacturing, materials, food and agriculture technology developers as well as those engages with clean power production and storage and those involved with the circular economy.

Amazon’s business now encompasses its Amazon Web Services cloud offering and consumer devices Echo, Fire and Kindle as well as its…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.