With the effects of climate change becoming starker, climate philanthropy is taking off as never before. New players like the Bezos Earth Fund are making a splash and overall funding is rising each year; a report from the ClimateWorks Foundation estimates climate philanthropy in 2020 at $6-10 billion, an increase of ~14% from 2019. But increasing funds is only part of the battle — money must be used effectively to have a real impact in the fight against climate change.
As donors move into the climate space for the first time, the options can be overwhelming. The climate landscape is exceedingly technical and multifaceted, with myriad possible solutions vying for attention and funding. These range from political movements to technological research to behavior change. Larger donors can navigate this landscape by hiring experienced program officers and participating in donor networks such as those facilitated by the Climate Leadership Initiative. But for smaller foundations and individuals, it can be difficult to find an entry point.
I founded Giving Green, an initiative to help donors find the most impactful, evidence-backed, and cost-effective ways to fight climate change. Based on our research, I wanted to share four guiding principles for budding climate change mitigation philanthropists as they seek to be effective in fighting climate change through giving.
Read the full article on the Center for Effective Philanthropy’s blog.