Jeff Bezos and Lauren S\u00e1nchez Bezos are putting $100 million behind the idea that the world\u2019s most endangered animals and plants can still be pulled back from extinction.<\/p>\n
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The Bezos Earth Fund is one of nine founding members of the new Species Recovery Alliance, a $500 million commitment announced Oct. 16 at the Leaders\u2019 Summit of COP17, the UN biodiversity conference in Yerevan, Armenia, by Cristi\u00e1n Samper, the fund\u2019s managing director and leader of nature solutions.<\/p>\n
The Earth Fund is contributing $100 million of that total, a spokesperson told Fortune<\/em>.<\/p>\n\u201cWe know how to bring species back from the brink,\u201d Samper said in a statement to Fortune<\/em>. \u201cWhat too many conservation teams lack is reliable funding to keep that work going. Rebuilding a population can take years, and a break in support can put hard-won progress at risk.\u201d<\/p>\nThe other founding members are Leonardo DiCaprio\u2019s Re:wild, Rainforest Trust, the Colossal Foundation, the Critical Ecosystem Partnership Fund, Fondation Segr\u00e9, the Franklinia Foundation, the Ayers Wild Cat Conservation Trust, and WildLives Earth.\u00a0<\/p>\n
Members won\u2019t pool their money into a single fund. Instead, each will direct its own grants while coordinating with the others. The money will go to conservation groups and local partners working on species the International Union for Conservation of Nature (IUCN) classifies as endangered, critically endangered, or extinct in the wild.\u00a0<\/p>\n
Depending on the species, that could mean breeding animals in captivity and releasing them, restoring habitat, managing disease, or controlling invasive species. Members will measure their progress using the IUCN\u2019s Red List and its Green Status of Species, the fund said. The alliance is targeting a long list. More than 49,500 species are threatened with extinction, according to the IUCN Red List. The alliance will fund work on species in the three highest-risk categories (endangered, critically endangered, and extinct in the wild), which together include more than 31,000 species.<\/p>\n
The alliance builds on the Phoenix Species Project, which the Earth Fund launched in August with Re:wild, the conservation group co-founded by DiCaprio. Each organization committed $100 million to Phoenix, for a total of $200 million. The project aims to recover 100 critically endangered and extinct-in-the-wild species across 30 countries, including Madagascar\u2019s golden-crowned sifaka and Australia\u2019s elusive night parrot.<\/p>\n
\u201cKids fall in love with animals before anyone tells them those animals are disappearing. Ask any seven-year-old about their favorite creature. It\u2019s something wild,\u201d S\u00e1nchez Bezos said in a statement at the time. \u201cSomething most adults have never heard of. What do we tell them when the night parrot or the golden-crowned sifaka isn\u2019t there anymore to fall in love with? This project is our answer.\u201d<\/p>\n
Filling a government gap<\/strong><\/h3>\nThe new pledge comes as governments fall far behind their own nature-funding targets. At the 2022 biodiversity summit in Montreal, countries pledged to raise $200 billion a year for biodiversity by 2030. Countries raised between $75 billion and $92 billion a year from 2023 through 2025, which was less than half of that goal, according to Organisation for Economic Co-operation and Development data cited by the Associated Press<\/em>. A UN progress report released ahead of the summit found fewer than half of countries\u2019 biodiversity targets are on target.<\/p>\n\u201cWe\u2019re not moving fast enough,\u201d Astrid Schomaker, executive secretary of the UN Convention on Biological Diversity, told the AP<\/em>.<\/p>\nAlongside the private alliance, 17 governments led by Colombia and Armenia launched a separate initiative, the Coalition of Action to Recover Endangered Species (CARES). Samper called it \u201can encouraging expression of ambition,\u201d but \u201cthe next step is to ensure that ambition is backed by the resources needed to deliver.\u201d<\/p>\n
\u201cPhilanthropy can help accelerate recovery, and sustained public funding is essential to achieving it at scale,\u201d he continued.<\/p>\n
The $10 billion clock<\/strong><\/h3>\nBezos, the Amazon founder worth $372 billion, launched the Earth Fund in 2020 with a $10 billion pledge to fight climate change and protect nature by 2030, which is the largest individual philanthropic commitment to climate and nature ever. S\u00e1nchez Bezos, the fund\u2019s vice chair since its early days, has become a more visible face of the couple\u2019s giving.<\/p>\n
The fund has granted $2.4 billion to date, the spokesperson told Fortune<\/em>. That leaves more than $7 billion to distribute in about four years. Fund officials told Bloomberg<\/em> in May they remain committed to the target.\u00a0<\/p>\nThe pace of giving has been steady in recent months. The fund has announced $34 million for sustainable fabrics, $26 million for wildfire detection, $100 million to turn vacant urban land into parks in eight U.S. cities, and more than $25 million in Pacific Ocean grants in September.<\/p>\n<\/div>\n
#Jeff #Bezos #Lauren #S\u00e1nchez #Bezos #latest #100M #bet #saving #species #edge #extinction<\/p>\n","protected":false},"excerpt":{"rendered":"
Jeff Bezos and Lauren S\u00e1nchez … <\/p>\n","protected":false},"author":1,"featured_media":7211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[5941,2404,157,1410,1945,521,7120,1393,1407,2977,3273,473,3274,239,3276],"class_list":["post-7210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","tag-100m","tag-animals","tag-bet","tag-bezos","tag-edge","tag-environment","tag-extinction","tag-jeff","tag-jeff-bezos","tag-latest","tag-lauren","tag-philanthropy","tag-sanchez","tag-saving","tag-species"],"yoast_head":"\n
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