ClimateWorks Foundation

🌍📊 Today, we’re excited to release our annual report on funding trends in climate change mitigation philanthropy.   In this year’s report, we find that philanthropic funding for climate mitigation increased significantly in 2023, outpacing the growth in overall global philanthropic giving for the first time since 2020. However, sustained climate progress will require much more action and funding. This year’s report covers foundation funding data from 2019 to 2023. Key findings include: 🔹 Annual foundation funding for climate mitigation nearly tripled between 2019 and 2023.  🔹 Emerging areas include sustainable finance (which was the fastest-growing enabling strategy for climate mitigation funding) and efforts to reduce emissions from super pollutants like methane (which was the fastest-growing sector).  🔹 Low-to-middle-income countries receive much lower levels of flexible or core funding for climate mitigation. Ultimately, this report provides insights on the evolution of climate philanthropy, emerging trends, and ways to support bold climate action. 💡 Let’s make 2025 the year we step up climate ambition together.  📖 Read the full report: https://lnkd.in/gQnn5tT4 #ClimateAction #Philanthropy #ClimateChange #FundingTrends2024

A new report from ClimateWorks Foundation reveals that philanthropic funding for climate mitigation increased significantly in 2023, outpacing the growth in overall global philanthropic giving for the first time since 2020. However, sustained climate progress will require much more action and funding. This year’s #FundingTrends2024 report covers five years of foundation funding data from 2019 to 2023.  Key insights include:  🔹Annual foundation funding for climate mitigation nearly tripled from 2019 to 2023.   🔹 Low-to-middle-income countries receive much lower levels of flexible or core funding for climate mitigation.  🔹 Adaptation and resilience initiatives gained momentum, receiving at least $600 million in 2023.  Philanthropy must adopt climate strategies with the urgency, intensity, and coordination needed for bold climate action. Read the full report ➡️

Thanks to collaborative #philanthropy, climate solutions can advance rapidly and at scale. Collaborative efforts like Global Methane Hub, The International Land and Forest Tenure Facility, and Drive Electric Campaign are unlocking game-changing investments from public, private, and multilateral finance to accelerate impact. 💡 Read #FundingTrends2024 to learn more about how philanthropic funders can multiply their impact through collaborative solutions: https://lnkd.in/gabxE5ty

[EN/ES] 🌍 ClimateWorks Foundation Launches New Report on Climate Philanthropy The Funding Trends 2024: Climate Change Mitigation Philanthropy report has recently been released, offering key insights into funding trends in climate philanthropy. It reveals a positive trend: foundation funding for climate mitigation nearly tripled from $1.7 billion in 2019 to at least $4.8 billion in 2023. While this is a significant increase, the analysis also highlights that climate mitigation funding still represents less than 2% of total philanthropic giving. While progress in climate mitigation funding is encouraging, the report also underscores a critical gap: investments in climate adaptation and resilience remain far lower. A first-of-its-kind survey conducted by ClimateWorks Foundation revealed that funding for adaptation activities reached just $600 million in 2023. 🔎This highlights the urgent need to implement the report’s key recommendations: - Unlock the catalytic and collaborative potential of philanthropy - Invest deeply in capacity development and core support - Embrace holistic, integrated climate solutions that combine mitigation, adaptation, and resilience to create effective, long-term responses to the climate crisis. 🔗 Explore the full report for actionable data, strategic insights, and opportunities for collaboration: https://lnkd.in/eE6qQppE |ES| 🌍 ClimateWorks Foundation lanza nuevo informe sobre filantropía climática El informe Funding Trends 2024: Climate Change Mitigation Philanthropy ha sido recientemente publicado, ofreciendo información clave sobre las tendencias de financiamiento en la filantropía climática. El reporte revela una tendencia positiva: el financiamiento de fundaciones para la mitigación del cambio climático casi se triplicó, pasando de $1.7 mil millones en 2019 a al menos $4.8 mil millones en 2023. Aunque este aumento es significativo, el análisis también destaca que el financiamiento para la mitigación climática todavía representa menos del 2% del total de las donaciones filantrópicas. El informe también subraya una brecha crítica: las inversiones en adaptación y resiliencia climática son considerablemente más bajas. Una encuesta pionera realizada por ClimateWorks Foundation reveló que el financiamiento para actividades de adaptación alcanzó apenas $600 millones en 2023. 🔎Esto resalta la necesidad urgente de implementar las recomendaciones clave del informe: - Potenciar el potencial catalítico y colaborativo de la filantropía. - Invertir profundamente en el desarrollo de capacidades y en financiamiento central flexible y a largo plazo. - Adoptar soluciones climáticas holísticas e integradas que combinen mitigación, adaptación y resiliencia para crear respuestas efectivas y sostenibles a la crisis climática. 🔗 Explora el informe completo para obtener datos, información estratégica y oportunidades de colaboración: https://lnkd.in/eE6qQppE

The escalating climate crisis demands bold, innovative solutions, implemented at scale. As highlighted in ClimateWorks Foundation’s latest Funding Trends 2024 report, unlocking philanthropy's catalytic and collaborative potential is key to mobilising resources, accelerating action and maximising impact. Indeed, philanthropy stands uniquely positioned to take calculated risks, act boldly and embrace holistic, integrated solutions that help bridge divides.  And by collaborating with like-minded partners, we can pool our resources, leverage our collective knowledge and expertise, to drive large-scale investment in climate solutions.  Together, let’s build a more sustainable future for all. #CatalyticFunding #Collaboration  #FundingTrends #ClimateChange #ClimatePhilanthropy #ClimateSolutions

"The time is now for ambitious, strategic funding. Philanthropy must seize this moment to accelerate progress toward 2030 climate goals. With countless investable solutions ready to scale, the field is ready to absorb significantly more funding right now. Collaborative platforms and resources are in place to guide funders toward maximizing impact for people and the planet." - Surabi Menon, VP of Global Intelligence, ClimateWorks Foundation This year’s #FundingTrends2024 report covers five years of foundation funding data from 2019 to 2023. ⬇️ 🔹Annual foundation funding for climate mitigation nearly tripled from 2019 to 2023. 🔹 Low-to-middle-income countries receive much lower levels of flexible or core funding for climate mitigation. 🔹 Adaptation and resilience initiatives gained momentum, receiving at least $600 million in 2023. Read the report: https://lnkd.in/gabxE5ty

From climate finance trends to new net-zero tools, here's what mattered in sustainability this week! Have a read of the top reports, news, and resources and see why they matter to you! See what moved the world of sustainability below! D. A. Carlin and Company team and I analyze each of these big new releases and distill them for you.   𝗖𝗵𝗲𝗰𝗸 𝗶𝘁 𝗼𝘂𝘁 𝗵𝗲𝗿𝗲: https://lnkd.in/eJbUuNDb   𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 1. Funding trends 2024: Climate change mitigation philanthropy (ClimateWorks Foundation) 2. Empowering Ministries of Finance to Build Capabilities and Drive Climate Action: a New Self-Assessment Tool (Coalition of Finance Ministers for Climate Action) 3. The Cost of Inaction: A Guide for CEOs on Climate Risks (World Economic Forum and Boston Consulting Group (BCG)) 4. Physical Climate Risk Divergence: PCRAM for investors (Institutional Investors Group on Climate Change (IIGCC) 5. Climate Solutions, Transition Risk, and Stock Returns (Harvard Business School) 6. Sustainability and Climate Trends to Watch for 2025 (MSCI Inc.) 𝗖𝗹𝗶𝗺𝗮𝘁𝗲 𝗧𝗲𝗰𝗵 𝗮𝗻𝗱 𝗜𝗺𝗽𝗮𝗰𝘁𝘀 7. Can climate tech save our cities? (World Economic Forum) 8. Climate crisis deepens with 2024 ‘certain’ to be hottest year on record (The Guardian) Share your top stories, reports, and tools below! We'd love to keep the list growing! #climate #sustainability #esg #finance #risk  

Climate Giving Surges 20% in 2023, Outpaces Growth in Global Philanthropy https://lnkd.in/d2zWK7Pa

🎉 Good news for climate: Philanthropic giving to climate is up 20%. 🎉 And good news for industry decarbonisation: philanthropic giving on this topic reached $130 million in 2023, up from only $45 million in 2019. 🚗+🏭 But transportation and industry together still only attract about 6.5% of climate philanthropic giving, when they represent 40% of global emissions. 🪙 For all of us working in this space, it means we are relying on few philanthropic dollars to keep 1.5C or even well-below 2C alive! Thank you Helen M. and ClimateWorks Foundation for keeping track of progress every year!