Giving Compass’ Take:
• Philanthropy News Digest examines a recent report on philanthropy’s insufficient funding towards efforts to address climate change.
• Why should climate change mitigation receive such a hefty portion of philanthropic funding? How does addressing climate change effectively support marginalized communities? How can you be sure your giving helps fight climate change?
• Learn more about how you can spend your money to effectively address climate change.
Less than 2 percent of global philanthropic funding is dedicated to climate change mitigation, which, according to a report from the ClimateWorks Foundation, is not nearly enough to meet the scale of the global challenge.
The report, Funding Trends: Climate Change Mitigation Philanthropy, estimates that between $5 billion and $9 billion of the $730 billion in total global philanthropic giving in 2019 — including about $1.6 billion in foundation funding and between $3.4 billion and $7 billion in individual donations — was designated for efforts to address climate change. While funding for climate change mitigation from leading foundations with climate-focused programs nearly doubled between…