At Wef, New Initiative to Help Unlock $3Trn Needed Yearly for Climate Change Launched


Foundation: Moore Foundation, Open Society Foundations

credit: Wikipedia

"To reach the speed and scale required to heal the Earth's systems, we need to unlock not only private capital and government funds, but also the philanthropy sector as a truly catalytic force to achieve the necessary acceleration," says Klaus Schwab, founder and executive chairman of the World Economic Forum.

That's why the WEF has launched the Giving to Amplify Earth Action (GAEA), a global initiative to fund and grow new and existing public, private, and philanthropic partnerships to help unlock the $3 trillion needed each year to reach net zero, reverse nature loss, and restore biodiversity by 2050.

"Current funding is slow and inadequate, and a new approach is needed to get capital flowing," says Schwab.

"Philanthropic giving can address this, with unique qualities not found in other financing: it is nimble, more tolerant of risks, and is driven by values and long-term outcomes rather than quarterly returns."

The Giving to Amplify Earth Action has more than 45 partners, including BMW Foundation, Children's Investment Fund Foundation, Clean Air Fund, Climate Leadership Initiative, Eleven Eleven Foundation, Gordon and Betty Moore Foundation, Growald Climate Fund, IKEA Foundation, Laudes Foundation, Noa's Ark Foundation, Open Society Foundations, and the Rockefeller...



Read the Entire Article


Selected Foundation News

A customized collection of news from foundations from around the Web.

Academic Decathlon Requires Alaska Teens to Study Climate Alarmism and Eco-Feminist Fiction

The annual academic competition for high school students is upon us, and this year's theme is "Our Changing Climate," the Alaska Watchman reports. Students will have to read Linda Hogan's Solar...more

Summerfest 2024 at the Emma Malaby Grocery Store

The Emma Malaby Grocery Store in Fort Collins, Colo., has been a staple in the city's history for more than a centuryand it's about to get even more of a home. After receiving two grants to...more

Grants Available to Further the Mission of Orthodoxy
Foundation: Community Foundation Partnership

An Orthodox Church in America fund that gives hundreds of thousands of dollars to groups that help the church's less well-off members is now being used to help the church itself. The Washington...more

Private Foundations Vs. Donor Advised Funds at Public Foundations

When the Canadian Football League's Toronto Maple Leafs take on the Ottawa Senators in the Canadian Football League's season opener on Oct. 1, they'll do so with the help of a hefty donation from...more

Our View: Small Gifts Can Leave Big Impact

If you're in Council Bluffs, Iowa, and craving fried chicken, you're in luck. The Iowa West Foundation has given out 37 mini-grants of between $500 and $5,000 to community groups, including the...more

Eugene Uman'S Convergence Project at the Vjc

When the Vermont Jazz Center closes its 2023-24 season in 2024, it will no longer be known as the Vermont Jazz Center. Instead, it will be known as the Eugene Uman Center for the Advancement of...more

Empowering the Youth: Unleashing Creativity with Innovative Technology

"A new era of creativity and empowerment is dawning as young individuals harness the power of cutting-edge technology to pursue their passions with vigor and determination," says Alex Rodriguez,...more

Inovait and Government of Canada Invest $10.7M in Ai-Enhanced Image-Guided Therapy ...

Prostate cancer is the No. 1 cancer killer of men between the ages of 50 and 75 in Canada, but there's currently no effective treatment for it. That's about to change. The Canadian...more

Dallas' Healthcare Capital Advisors Appoints Managing Director

"She's an all-star addition to our roster. Her background as a buyer at a larger behavioral health provider offers our clients a different and invaluable perspective,"Jacob Lynch, managing...more

U.S. House Members Press Cmmi'S Fowler on Lack of Cost Savings

"I have a hard time believing any objective observer could look at the results thus far to describe innovation as a success," Rep. Anna Eshoo said during a June 13 hearing on the Center for...more







Social Entrepreneurship
Spotlight



Social Entrepreneurs to Get Free WiFi Access


iPass, a telecommunications provider, will give free internet access to 100 non-government organizations (NGOs) for a year as they work in dangerous countries to help its poor and underserved populations.




Federal Government Grant and Assistance Programs



Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders