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In the fight against climate change, multilateral development banks often get the lion's share of the credit.
But there's more private capital out there than in the public eye, and it's being put to good use, Bloomberg reports.
"Quite frankly, there is more private capital available than public funds," says an analyst.
That's because there are roughly $100 trillion on asset management organizations' books at any given point.
One example: the Rockefeller Foundation, which has committed $10 billion to renewable energy over the next decade.
"There are facets of climate funds and public resources that take gender issues into account, there are opportunities for private capital to make direct connections to discrete climate change issues," says an analyst.
"Millions can move trillions, so the power of the work is in 'that ecosystem development.'" Another example: a group called Heading for Change is trying to make it easier for women to play a role in the fight against climate change.
"When you invest in women, you invest in their families, you invest in their countries, and you invest in the world," says a trustee of the group.
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Foundation: Bloomberg Philanthropies
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Foundation: Collaboratory
Collaboratory for Equity in Water Allocations (COEQWAL) is developing tools and strategies to help communities adapt.Just Transitions project is analyzing the Delta's salinity changes and exploring...more
The Climate Social Science Network grant will support a second article that will focus on endowed professorships at state universities that are paid for by animal agriculture companies.Dr....more
Carbonity, a Que.-based partnership to regenerate soil and sequester carbon.The plant begins with an annual production capacity of 10,000 tonnes of biochar.It is expected to triple by 2026, making it...more
Egypt inaugurated the third edition of the International Conference on Climate and Environment on Tuesday.The conference is organized by Nile University's School of Continuing Education in...more
According to Gallagher Re's Natural Catastrophe and Climate Report: 2024, disasters and weather cost the global economy $417 billion, $154 billion of which were insurance costs.Invest in proptech,...more
"We approached our Series A with a clear focus: to secure long-term partners who not only understand the science," said Jean Marie Duvall, co-founder and CEO of ReproNovo.Investing in women's health...more
Social Entrepreneurship
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.