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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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Pedestrians in West Hartford, Conn., will soon be able to cross more easily thanks to a $697,000 state grant.
The Hartford Courant reports that the money from the Department of Transportation's...more
"I tried to get half and half the other day.
I had to walk four city blocks, just to get a quart of half and half so I could have coffee.
So to even get food around here is difficult," David...more
People of color make up about 20% of Spokane County, Wash., but they own about 8% of the county's businesses, reports the Spokesman-Review.
That's why the Spokane Workforce Council is...more
More than 3,000 kids in Aberdeen, Scotland, sang "Northern Lights of Old Aberdeen" in front of thousands of family and friends over the weekend as part of the city's annual "Big Sing" event, the BBC...more
North Carolina's Cape Hatteras Secondary School has named its top students for the 2023-24 school term.
Here are the top 10, per the Daily News: Zion Aiken: Math Iadette Harris: English IZander...more
Massachusetts' Fitchburg State University is adding two new majors this fallone in creative arts therapies and one in creative arts enterprisemaking it the first public institution in the state to...more
The New Brunswick Teachers Association is asking teachers and voters in the Canadian province to take a survey ahead of the next provincial election in September, the CBC reports.
"We've seen a...more
Frances Bronet, president of New York's Pratt Institute, has been named chair of the Association of Independent Colleges of Art and Design, a group "dedicated to strengthening creative institutions,...more
The Oklahoma Arts Council has released its annual list of grant requests, and it's a doozy.
This year's list includes a call for artists to "bring the arts to other statewide organizations," as...more
Northern Illinois University is looking for a full-time assistant coach for its men's basketball team, the Chicago Tribune reports.
The ideal candidate will have at least three years' experience...more
HootSuite CEO Ryan Holmes says “…social tools are getting more broadly adopted across organizations. It’s not just marketing anymore, it’s sales, public relations, human relations, everywhere.”