Climate Philanthropy: Unlocking New Funding to Tackle the Climate Crisis

Climate philanthropy is a critical yet underutilized tool in addressing the climate crisis, accounting for only 2% of global philanthropic funding. Organizations like ClimateWorks Foundation have demonstrated its potential by granting over $1 billion to climate projects worldwide. By being agile and catalytic, climate philanthropy can accelerate innovative solutions and bridge significant funding gaps. The GAEA initiative exemplifies how coordinated efforts between philanthropic, public, and private sectors can drive substantial impact, despite the immense financial needs.