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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.
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The state has stepped in to help a new ballet company in Syracuse get off the ground.
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More than $3 million in state funding is going to 64 not-for-profit land trusts in New York state to protect water quality, prevent farmland conversion, boost public access to outdoor recreation,...more
New York Gov.
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The Illinois Department of Public Health has awarded Promise...more
It’s time once again for social enterprises to bring and brandish their products and services at the FarmFest 2014, to be held at the Fa Hui Park in Mong Kok this Lunar New Year shopping season.