Four billion US dollars pledged to combatting climate change

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On 14 September 2018, a group of 29 philanthropists pledged USD 4 billion over five years to combat climate change. This is the largest philanthropic investment focused on climate change mitigation ever.

The announcement was made at the Global Climate Action Summit in San Francisco. This global commitment to accelerate proven climate and clean-energy strategies, spur innovation and support environmental organisations around the world aims to protect the air we breathe and the communities we call home.

The philanthropic commitment to climate change is explained in the following statement:

“Each day brings new evidence of climate change affecting lives – from extreme weather events, to increased food insecurity, to tragic impacts on human health. We see the suffering that a steadily warming planet is causing to people around the world. But we also see hope. And we see the real actions that are being taken to address one of the biggest challenges our planet and its people have ever faced. Clean energy markets are scaling, governments are stepping forward, and people across the globe are rising to solve this problem.”

“By working together, sharing knowledge, welcoming new partners, and harnessing the actions of governments, the private sector and everyday citizens, the philanthropic community can be a catalyst in the fight against our world’s greatest threat.”

“The next few years will determine whether the world can slow our global temperature’s rapid rise. As philanthropists, we are committed to doing our part – and to engaging on climate change like never before.”

Oak Foundation is proud to be part of this commitment. Our Environment Programme envisions a world where our children will grow up in a clean, safe climate, our oceans are free of plastic, and endangered wildlife are protected from cruel and illegal trade.

To read more about this investment, read this article.

The Foundations involved in the investment to combat climate change include: Barr Foundation, Bloomberg Philanthropies, Bullitt Foundation, Sir Christopher Hohn and The Children’s Investment Fund Foundation (CIFF), The Educational Foundation of America, Pirojsha Godrej Foundation, Grantham Foundation, The Grove Foundation, Growald Family Fund, The George Gund Foundation, Heising-Simons Foundation, William and Flora Hewlett Foundation, IKEA Foundation, Ivey Foundation, Joyce Foundation, The JPB Foundation, KR Foundation, Kresge Foundation, Dee & Richard Lawrence and OIF, John D. and Catherine T. MacArthur Foundation, McKinney Family Foundation, McKnight Foundation, Oak Foundation, The David and Lucile Packard Foundation, Pisces Foundation, Rockefeller Brothers Fund (RBF), Sea Change Foundation, Turner Foundation, Yellow Chair Foundation.