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Photo: MARK RALSTON/AFP via Getty Images

Jeff Bezos' climate philanthropy on Monday pledged $1 billion for conservation and biodiversity, with the first grants beginning later this year focused on the Congo Basin, the Andes region and the Pacific Ocean.

Driving the news: The money will be used to "create, expand, manage, and monitor protected and conserved areas," according to the announcement.

"This commitment to conservation will focus on areas that are important for biodiversity and carbon stocks and will give emphasis to the central role of local communities and Indigenous peoples in conservation efforts," the announcement states.

Why it matters: The Bezos Earth Fund, which was first unveiled early last year, has quickly become a very large presence in climate giving. Bezos plans to allocate $10 billion by 2030.

  • Today's pledge represents a significantly expanded focus on nature and conservation, though some prior funding went to conservation-focused groups.
  • The $1 billion for conservation is the first part of a three-part nature strategy, the fund's announcement states, with subsequent commitments aimed at landscape restoration and "food system transformation."

Catch up fast: Monday's announcement is the third move from the fund staked by Bezos, the founder of Amazon who is among the world's richest people.

  • Last November the fund announced $791 million in grants across 16 groups, including $100 million apiece for a handful of large groups like the Environmental Defense Fund, World Resources Institute and the Nature Conservancy.
  • Earlier this month it pledged another $204 million, including nearly $74 million in immediate disbursements, to various organizations — including a number focused on "climate justice" and helping grassroots advocacy.

Go deeper

Jul 27, 2020 - Technology

Big Tech's power, in 4 numbers

Data: FactSet; Chart: Naema Ahmed/Axios

The four Big Tech CEOs who will testify before Congress Wednesday command global empires with power and wealth that make them more like countries than companies.

By the numbers: Here are four very large stats for Facebook, Apple, Google/Alphabet and Amazon that tell the story of their value, scale and influence.

56 mins ago - Technology

Ex-N.Y. Post digital chief files lawsuit alleging sexual harassment

Richard B. Levine) (Photo by Richard Levine/Corbis via Getty Images

Former New York Post editor Michelle Gotthelf is suing her former employer, its parent company News Corp. and two editors, alleging she was reprimanded after complaining to senior executives that she was sexually harassed by retired N.Y. Post editor-in-chief Col Allan. The N.Y. Post issued a statement denying any wrongdoing.

Why it matters: "I felt that I owed it to myself and I owed it to the news organization and the people who answered to me," Gotthelf, who was a long time editor at the N.Y. Post, told Axios in an interview.

Updated 1 hour ago - Economy & Business

Airlines warn of flight cancellations amid 5G rollout concerns

Emirates SkyCargo airline Boeing 777F aircraft. Photo: Nicolas Economou/NurPhoto via Getty Images

Emirates and Delta airlines announced Tuesday that the planned rollout of 5G services at certain American airports could affect flights.

Driving the news: AT&T and Verizon announced earlier Tuesday that they would delay this week's scheduled rollout of 5G signals near a limited number of airports due to continued concerns from the aviation industry.

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