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Foundations Call for Cooperation, Some New Pledges at Cop27
Foundation: Gates Foundation, Rockefeller Foundation, Lilly Endowment, Bloomberg Philanthropies
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 it 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 Sequoia Climate Foundation, last week 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.
Amazon founder Jeff Bezos also last week announced $3 billion in support for climate change initiatives, including land conservation and the transformation of food systems, the Washington Post reports
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Social Enterprise HandiConnect Wins Audacious Award in New Zealand
Social enterprise, HandiConnect, wins the Audacious-Business Idea competition’s Doing Good category. The company is spearheaded by University of Otago entrepreneurship master’s student Nguyen Cam Van.