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"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."
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," Schwab says.
"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."
Giving to Amplify Earth Action is supported by more than 45 partners, including the African Climate Foundation, Andre Hoffmann Family Office, the Arab Foundations Forum, Bezos Earth Fund, BMW Foundation, Children's Investment Fund Foundation, the Clean
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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
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
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
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
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
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
"She's the duck detective and we kind of hunt people for not paying their taxes," volunteer Jason Johnson says of one of his summer camp students.
Johnson is a first-year volunteer at Innovation...more
"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
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
"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
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.