Amazon head honcho Jeff Bezos has just announced his Earth fund, which will commit $10 billion USD towards fighting climate change.

Bezos revealed on his Instagram account that his pledge, named the Bezos Earth Fund, will help aid the efforts to combat climate change. Despite what the ill-informed have proclaimed, global warming is a real issue as the epidemic spreads with melting ice caps, rising temperatures, coastal erosion and more.

Climate change is the biggest threat to our planet. I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share. This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world. We can save Earth. It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals. ⁣⁣⁣

⁣⁣⁣I’m committing $10 billion to start and will begin issuing grants this summer. Earth is the one thing we all have in common — let’s protect it, together.⁣⁣⁣

Jeff Bezos regarding the Bezos Earth Fund

The funds will go towards NGOs, scientists, activists and more, The Verge reports that this would be a charity driven initiative with no finances going towards private sector investments.