<p>Amazon today announced the first companies to receive money from a $2 billion venture capital fund it formed to help combat climate change. Dan digs into how Amazon hopes the fund will help it achieve its own goals of getting carbon neutral by 2040, and if it's more substance than spin with Matt Peterson, Amazon's director of new initiatives and corporate development.</p>

Amazon today announced the first companies to receive money from a $2 billion venture capital fund it formed to help combat climate change. Dan digs into how Amazon hopes the fund will help it achieve its own goals of getting carbon neutral by 2040, and if it's more substance than spin with Matt Peterson, Amazon's director of new initiatives and corporate development.

Amazon exec on its Climate Pledge Fund

Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app. 

Axios Re:Cap is on hiatus until October 2021.

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Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app. Axios Re:Cap is on hiatus until October 2021.

Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app.&nbsp;

Axios Re:Cap is on hiatus until October 2021.

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Amazon exec on its Climate Pledge Fund

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