Funders commit to $6 billion for sustained collective climate action

 

Alliance magazine

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The fifth anniversary of the Paris Agreement saw 36 foundations and funders commit to investing at least $6 billion to addressing the climate emergency. The commitment is a part of the 2018 pledge made at the Global Climate Action Summit (GCAS) to commit $4 billion.

‘There is a growing global awareness among philanthropists of the need to drastically accelerate proven climate and clean-energy strategies, spur innovation, and support organisations around the world working to protect all life on our planet,’ said the Children’s Investment Fund Foundation (CIFF) in a statement, adding that progress toward the commitment would be tracked in the lead up to the UN Climate Conference in Glasgow next year.

The 36 funders contributing to the pledge include: AKO Foundation, Barr Foundation, Bloomberg Philanthropies, The Eli and Edythe Broad Foundation, The Bulb Foundation, Bullitt Foundation, Sir Christopher Hohn and The Children’s Investment Fund Foundation (CIFF), The Educational Foundation of America, The Generation Foundation, Pirojsha Godrej Foundation, Good Energies Foundation, The Grantham Foundation for the Protection of the Environment, The Grove Foundation, Growald Family Fund, The George Gund Foundation, Heising-Simons Foundation, William and Flora Hewlett Foundation, High Tide Foundation, IKEA Foundation, Ivey Foundation, Joyce Foundation, JPB Foundation, KR Foundation, John D. and Catherine T. MacArthur Foundation, McKinney Family Foundation, McKnight Foundation, Oak Foundation, The David and Lucile Packard Foundation, Pisces Foundation, Quadrature Climate Foundation, Robertson Foundation, Rockefeller Brothers Fund (RBF), Sea Change Foundation, Skoll Foundation, Turner Foundation, and Yellow Chair Foundation.

‘From record heat waves and hurricanes to floods, droughts and more, the effects of climate change are already here. But so, too, are pathways to prevent them—pathways that require support from the philanthropic community. Today’s announcement is thus more than a new commitment. It’s also a call to action for others—foundations, individual donors, and philanthropic institutions—to deepen their engagement and work with us to address the major challenge of our time and protect people and our planet from a climate catastrophe,’ said Hewlett Foundation CEO Larry Kramer.


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