The Justice40 Initiative, a program from the Biden administration intended to provide benefits from federal investments in climate and clean energy efforts to disadvantaged communities.is pledging $203.7 million this year toward the , the fund said in a statement on Wednesday. Of that money, $73.7 million will go immediately to 12 organizations. The remaining $130 million will be dispersed by the end of the year to organizations supporting the
The grants will help with “critical support to nonprofits working to advance climate justice, advocate for climate-smart economic recovery, and spur innovation in decarbonization pathways,” according to a statement.
Amazon founder Jeff Bezos created the $10 billion fund in 2020. At the time he posted on Instagram, “Climate change is the biggest threat to our planet.”