Foundations Call for Cooperation, Some New Pledges at Cop27

credit: Flickr

There's a lot of finger-pointing to be done before a global agreement on climate change is reached at the end of this week, but one person who's not happy about the lack of progress is Bill Gates.

"A lot of these health and climate solutions are going to have to be very frugal because even though I'm the biggest proponent and meeting with rich people and politicians all the time that they should do even more' we're not going to see some gigantic uptick in those amounts," Gates told students at the University of Nairobi on Thursday, per the New York Times.

"Really innovation and spending what aid resources there are, also increasing domestic resources, will be very necessary."

The Bill and Melinda Gates Foundation last week announced $1.4 billion in support for agricultural projects in Africa and South Asia to help small farmers adapt to climate change.

Meanwhile, a group of foundations, including Bloomberg Philanthropies and the Sequoia Climate Foundation, has pledged $500 million to support an equitable energy transition in low- and middle-income countries, though each organization will decide where to grant its portion of the funds, the Times reports.

Meanwhile, more than $2 billion has been pledged by philanthropic foundations to support climate adaptation projects, though the amount of charitable funding directed toward climate

Read the Entire Article

How's Your Community Doing?
Check Out it's
Community Vital Signs

Food Innovation For A Healthy and Sustainable Future

The speakers will examine the technologies enhancing product development to create delicious and nutritious products that improve health.Future Food-Tech is a key discovery platform to meet exciting...more

Breaking: Fmc Corporation Shutters Its Agtech Vc Arm Fmc Ventures

FMC Corporation launched its venture arm in 2020.The venture arm backed the likes of Traive, Agrospheres, Niqo Robotics, Micropep Technologies, Guardian Agriculture, and Trace Genomics.In November...more

Chicago Launches App to Assist Residents With Recycling

The app has been made available at no cost to the city via a partnership with the Illinois Environmental Protection Agency.The city hopes the app will lead to a decrease in contamination at material...more

Patient-Centered Innovation: Can Europe Lead the Way?

We can't make true progress on unmet needs unless we understand from the patients themselves what they need or what they think is missing from their treatment options.Europe has sadly seen a...more

Army, Industry Spur Innovation on Network and Command and Control

The Army's Unified Network (UN) effort merges the Army's persistent, or fixed, enterprise network with the episodic, or mobile, tactical network.The C2 Cross-Functional Team (CFT) and the Army...more

Doing Our Bit For the Circular Economy

By minimising waste, maximising resource use, and promoting sustainability, these initiatives showcase how collective action can create a meaningful impact.In Val-de-Marne, France, Ecofashion 94...more

Conecuh Sausage Co. Expanding Production With $400000 Government Grant

Kay Ivey announced the Community Development Block Grant that will be administered by the Alabama Department of Economic and Community Affairs.The federal money will be used to provide sewer services...more

Impact Investment Wholesalers and Fund of Funds

An impact investment wholesaler is an investment vehicle that invests in intermediaries, attracts new capital, and develops the impact investing market.What are the benefits of impact...more

Global Warming: The Wold Now Passed the 1.5 Degrees Limit

The 2024 global average temperature will have exceeded the 1850-1900 average by more than 1.5 degrees Celsius.Data from the Copernicus Climate Change Service (C3S), the European Union's climate...more

Social Stock Exchange-Catalyst For Societal Development

Social Stock Exchange-catalyst For Societal Development.43 entities on the Bombay Stock Exchange SSE platform and 59 entities in the National Stock Exchange sSE platform as of date.Annual Impact...more