To provide 100 million people in Asia, Africa, and Latin America with long-term access to water, Amazon will assist in the establishment of one of the largest private investment portfolios in these fields.
The company will also provide $10 million to Water.org's efforts to reach its goal of giving 1 million people access to safe water by 2025.
Yesterday, Amazon and Water.org announced their collaboration to support the establishment of the Water.org Water & Climate Fund, which will support 100 million people in Asia, Africa and Latin America with access to sustainable water and sanitation systems. In addition to starting this fund, Amazon's $10 million donation would provide 3 billion liters of water annually in places with a water shortage to 1 million people by 2025.
Climate change is expected to cause 50% of the world's population to live in water-stressed regions by the year 2025, with low-income families bearing the brunt of this catastrophe. This additional commitment strengthens Amazon's current collaboration with Water.org. Since 2020, the Amazon and Water.org teams have collaborated to deliver clean water and sanitation to 250,000 people in communities in India and Indonesia. To do this, they have used microfinance loans to assist local communities with the cost of installing toilets and water pipe connections in homes.
One of the greatest private investment portfolios in water and climate to date will get off the ground over the next two years thanks to Amazon's most recent donation. The Water & Climate Fund will assist water and sanitation projects, such as water reuse infrastructure, wastewater treatment facilities, and water loss reduction.
Water management affects the climate. According to Matt Damon, co-founder of Water.org and Water Equity, "We must concentrate on global water security by bringing the water and sanitation needs of the most vulnerable front and center through our climate debates and most crucially, our philanthropy.
According to Kara Hurst, vice president for global sustainability at Amazon, "the climate problem can't wait, and urgent needs like adequate water and sanitation require action today." "They've done amazing work with Water.org over the past few years, impacting hundreds of thousands of people, and they're happy to continue their collaboration today to directly support 1 million people having access to safe water by 2025.
To provide clean water and sanitation to the world's most vulnerable people, they are also urging their Climate Pledge partners to join them.
Due to their frequent lack of access to dependable water and sanitation infrastructure, people living in poverty are particularly exposed to the effects of climate change. In addition, they have limited access to funds that may aid in their adaptation to rising droughts, poor water quality, and changing precipitation patterns. To alter this, Water.org is working.
Our solution is reliable and effective. According to Gary White, CEO, and co-founder, of Water.org and Water Equity, "we are speeding our effect, and this partnership is an illustration of the strength the private sector can provide to make a substantial impact—it will ensure Water.org achieves its desired impact and motivates others to join us."
Amazon is dedicated to decarbonizing its operations to be net-zero carbon by 2040 in addition to making worldwide investments in clean water and sanitation. The company is the biggest corporate buyer of renewable energy in the world. Amazon co-founded and was the first member of The Climate Pledge, which today has over 375 companies committed to becoming net-zero carbon 10 years ahead of the Paris Agreement. Amazon also placed the largest-ever order of electric delivery cars, which have already begun to hit the road.
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