Jeff Bezos announced that he will be donating $10 billion to save the Earth’s environment. The world’s richest man said the money would finance work by scientists, activists and other groups.

The Amazon founder announced the news on his Instagram handle, where he talked about launching the new Bezos Earth Fund.

View this post on Instagram


Today, I’m thrilled to announce I am launching the Bezos Earth Fund.⁣⁣⁣ ⁣⁣⁣ Climate change is the biggest threat to our planet. I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share. This global initiative will fund scientists, activists, NGOs — any effort that offers a real possibility to help preserve and protect the natural world. We can save Earth. It’s going to take collective action from big companies, small companies, nation states, global organizations, and individuals. ⁣⁣⁣ ⁣⁣⁣ I’m committing $10 billion to start and will begin issuing grants this summer. Earth is the one thing we all have in common — let’s protect it, together.⁣⁣⁣ ⁣⁣⁣ – Jeff

A post shared by Jeff Bezos (@jeffbezos) on

According to The Guardian, while speaking at Amazon’s Smbhav summit for small and medium-sized businesses in India last month, Bezos said: “Anybody today who is not acknowledging that climate change is real – that we humans are affecting the planet in a very significant and dangerous way – those people are not being reasonable.”