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"To reach the speed and scale required to heal the earth's systems, we need to unlock not only private capital and government funds, but also the philanthropy sector as a truly catalytic force to achieve the necessary acceleration."
That's why the WEF has launched the Giving to Amplify Earth Action (GAEA), a global initiative to fund and grow new and existing public, private, and philanthropic partnerships to help unlock the $3 trillion needed each year to reach net zero, reverse nature loss, and restore biodiversity by 2050.
"Current funding is slow and inadequate, and a new approach is needed to get capital flowing," Schwab says.
"Philanthropic giving can address this, with unique qualities not found in other financing: it is nimble, more tolerant of risks, and is driven by values and long-term outcomes rather than quarterly returns."
Giving to Amplify Earth Action is supported by more than 45 partners, including the African Climate Foundation, Andre Hoffmann Family Office, the Arab Foundations Forum, Bezos Earth Fund, BMW Foundation, Children's Investment Fund Foundation, the Clean
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The Tampa Bay Innovation Center is kicking off its spring accelerator program, and it's got eight startups on its list.
Among them: AgWise, which focuses on the climate impact of agriculture's...more
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So said the outgoing director...more
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That's the takeaway from Elysabeth Alfano, CEO of VegTech Invest, who is offering an online course on "Impact Investing with Plant-based...more
"Without actively looking for it, I came across a problem to solve, a powerhouse co-founder and an idea worth pursuing, so I decided to go for it," Alba Forns tellsEquities News.
Forns is the...more
It's no secret that Africa's livestock industry plays a big role in the region's economy.
In fact, the demand for livestock products is expected to grow by 50% by 2030, notes Business...more
The New Mexico town of El Rito has been named one of America's 10 most livable cities by Time.
The honor goes to El Rito for the third year in a row, thanks in large part to the work of its...more
"This research pushed me outside my comfort zone and forced me to interact first-hand with hard truths about what social media is being used for in the modern day," Daisy Rehbock writes in her...more
The CEO of the nation's second-oldest civic monument has been ousted over allegations of financial impropriety at Dallas' Fair Park, the Dallas Morning News reports.
On May 1, Brian Luallen...more
Quebec City's Mus ? 'e des beaux-arts du Qu'bec museum is getting a major boost from a single man.
Michael Audain, chairman of the Jean Paul Riopelle Foundation, has pledged $10 million toward...more
John Converse Townsend, a Forbes contributor, shares what can the private sector do for a social enterprise. He encourages social enterprises to reach out to corporations for help to scale up their businesses.