On the philanthropy circuit, supporting the climate and adjacencies is at the bottom of the giving list. Of the $64 billion in US grant money disbursed in 2020, just 0.5 percent or $320 million was allocated directly to climate change. To move the needle toward net-zero emissions by 2050, trillions of dollars of additional capital spending are needed.
To read the article, see “It’s time for philanthropy to step up the fight against climate change,” October 20, 2021.