EFC, ClimateWorks Foundation and The Hour is Late publish “Foundation funding for climate change mitigation”
The EFC, the ClimateWorks Foundation and The Hour is Late have published “Foundation funding for climate change mitigation: Europe spotlight” a report covering philanthropic climate change mitigation funding in and from Europe.
The report is the most comprehensive ever published on philanthropic climate change mitigation funding in and from Europe, drawing on data covering 6,230 grants, worth €1.8 billion ($2 billion), from 136 foundations across Europe. The funding trends analysed in the report will enable foundations to make improved data-driven decisions about future investments, civil society organisations to better understand where funding is going, and policymakers to arm themselves with data about gaps in public funding that the philanthropic sector might be filling, or what it may be missing.
“As we know from the stark warning of the UN Intergovernmental Panel on Climate Change, limiting global warming to 1.5 degrees Celsius or even 2 degrees Celsius above pre-industrial levels “will be beyond reach” in the next two decades without immediate, rapid and large-scale reductions in greenhouse gas emissions. So unless we act NOW, we’ll see many more houses destroyed and people lose their lives over the years to come. Philanthropy, as a convener, as a bridgebuilder, as an investor and as a funder has a critical and catalytic role to play in this existential and urgent crisis. In fact I believe that every foundation – no matter what their focus or subject area is – should consider to contribute, and in its own way and true to its own mission, should consider themself to ‘also’ be a climate foundation.” – Delphine Moralis, EFC Chief Executive, during the launch of the report on 12 October