Bezos Earth Fund Is Off Pace to Meet $10 Billion Giving Pledge

A climate fund founded by Jeff Bezos in the single largest philanthropic pledge to fight global warming is lagging far behind its spending goals.

Officials at the Bezos Earth Fund said they remain committed to disbursing $10 billion by 2030. With four years left on the timeline, however, only 28% of the promised funds have been allocated so far.

That leaves more than $7 billion, suggesting the need for a surge in grantmaking under Chief Executive Officer Tom Taylor, who took over leadership last year after running Amazon.com Inc.’s Alexa division. Yet spending by the Earth Fund dropped to ...