Initiative To Help Unlock $3 Trillion For Climate, Nature

credit: Messtiza via Flickr

"We are at a tipping point in our efforts to put the planet back on track to meet our climate ambitions," Klaus Schwab, executive chairman of the World Economic Forum, says.

"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 Read the Entire Article

A customized collection of grant news from foundations and the federal government from around the Web.

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

Svx Launches Major Update to Impact Investing Opportunity Database

"All investments are impact investments," says Adam Spence, CEO of SVX, a non-profit financial services firm that has just launched Canada's first index designed to measure the impact of investments...more

5 Ways to Guide Clients on Esg and Impact Investing

Environmental, social, and governance (ESG) investing has gained popularity in recent years as clients seek to align their investments with their values and promote positive change in the...more

Leading Impact Investors and Philanthropists Convene for
Foundation: Silicon Valley Community Foundation, California Endowment

In 2024, Los Angeles will host the Mission Investors Exchange 2024 National Conference, an annual conference that brings together more than 750 philanthropy and impact investing leaders from across...more

Leading Impact Investors and Philanthropists Convene for Mission Investors Exchange 2024 ...
Foundation: California Community Foundation, California Endowment

Ava DuVernay financed her latest film with money from the Giving Pledgean initiative of the California Endowment, the largest US foundation to commit its entire $4 billion portfolio to social and...more

Leading Impact Investors and Philanthropists Convene for Mission Investors Exchange 2024

In what may be a first for a major US city, Los Angeles has been chosen as the site of the 2024 Mission Investors Exchange National Conference, a conference that will focus on "investing in social...more

New Inclusive Creative Economy Strategy to Demonstrate That the U.S. Creative ...
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Rockefeller Philanthropy Advisors, Skoll Foundation, Target Foundation, Ford Foundation, Philadelphia Foundation, Rockefeller Foundation

"The US creative economy was most recently valued at over $1 trillion by the National Endowment for the Arts," per a press release, "even before considering film, fashion, video games, beauty, food,...more

The Growth of Social Enterprises €” For-Profit Businesses That Tackle a Social Problem

"Having a purposeful job actually does transform someone's life," says Edwin Walsh, who runs a social enterprise in Australia called Assembled Threads. "You actually are moving someone from...more

Westlock Community Foundation Helping Students Pursue Educational Opportunities

A new scholarship fund in Canada will help high school students who want to further their education, the CBC reports. The Westlock Community Foundation in Alberta received a $26,800 donation from...more

Youth-Led Startups Showcase Sustainable Development Solutions at the Youth Social ...
Foundation: Citi Foundation

"To the youth, I urge you to be proactive, resilient, and persistent on your entrepreneurial journey," says the UN's resident representative in the Philippines. "Make your voices heard, take up...more

Canada and India Announce Funding for Innovations to Improve Child Health

Canada is putting its money where its mouth is, with a $2.5 million investment in five projects in India meant to help the country's poor, the Toronto Star reports. "Many of these novel projects...more