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Climate philanthropy
COP28: World’s largest private climate investment vehicle is launched by UAE
The United Arab Emirates (UAE) has launched the world’s largest private climate investment vehicle ($30 billion USD) with the aim of drawing in a further $250 billion to slow climate change. The fund, named Alterra, …
How Asia’s billionaires can address urgent social and environmental needs
While Asia is home to nearly half of the world’s households living in poverty, it also has the fastest-growing concentration of wealthy families – and great potential to deploy philanthropic capital to create social and …
The irony of Dubai and COP
A constant haze of pollution hangs over Dubai, blocking out the stunning night skies usually experienced if you are deep in the desert. Dubai is a modern city of amazing high-rise buildings, architecture, lights and …
COP28: Gates Foundation and AFD commit $59.2 million towards eradicating polio
The Bill & Melinda Gates Foundation and the Agence Française de Développement (AFD) have committed $59.2 million in support of eradicating polio by 2026. The funding includes a concessional loan of up to $59.2 million, with a principal buy-down …
COP28: Major institutions call for increase in funding transition to sustainable food systems
A group of 25 philanthropic institutions, including the IKEA Foundation, ClimateWorks Foundation and Robert Bosch Stiftung have announced a joint call for a tenfold increase in funding for transitions and solutions that address urgent global …
A call to COP28 participants
The Shift the Power Movement, a global network of grassroots organizations, offers an unprecedented opportunity to efficiently and effectively work in solidarity with communities to address our greatest challenge, the climate crisis. As global …
Suzanne Biegel endowment fund makes first investments to tackle gender inequality and climate crisis
Heading for Change, the $3.5 million climate endowment set up by the late gender-smart investing pioneer Suzanne Biegel, has made its first five investments. Investees include AiiM, a woman of colour-owned climate technology fund with …
COP28: Philanthropy forum hails ‘paradigm shift’, critics dismay at ‘new Davos’
Philanthropy’s role in discussions at COP28 represents a “paradigm shift” that could have a “multiplier effect” on accelerating climate solutions, according to Badr Jafar, chair of the COP28 Business and Philanthropy Climate Forum. Business and …
COP28: Philanthropy-public-private partnership needed to plug $3 trillion climate funding gap
A $3 trillion annual funding gap for climate solutions must be met with a tri-sector philanthropic-public-private partnership. That’s according to a new report published by the World Economic Forum’s Giving to Amplify Earth Action (GAEA) initiative, in …
COP28: $777 million pledged in fight to eliminate neglected tropical diseases
African leaders, alongside global philanthropists and the UAE, pledged a combined sum of $777.2 million in a bid to help tackle neglected tropical diseases rising as a result of the climate crisis. The commitment was …
