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Climate Giving Surges 20% in 2023, Outpaces Growth in Global Philanthropy
The report analyzes overall philanthropic funding from individuals and over 90 foundations in 2023, revealing that $9.3 billion to $15.8 billion was directed toward mitigating climate change.
"The growth in climate funding is a positive step, but the stakes couldn't be higher," said . "As the global landscape becomes more complex and the planet continues to overheat, philanthropy has a critical role to play in catalysing transformative climate action in a way that is resilient to political shifts and focused on what people need most: economic and development opportunities, health and security, and a livable planet. By acting boldly and collaboratively, philanthropy can bridge divides and help build a sustainable and equitable future for all."
Despite this progress, climate giving remains under 2% of total global philanthropy, far short of what's needed to halve emissions by 2030 and avert the worst climate impacts.
"The time is now for ambitious, strategic funding. Philanthropy must seize this moment to accelerate progress toward 2030 climate goals," said . "With countless investable solutions ready to scale, the field is ready to absorb significantly more funding right now. Collaborative platforms and resources are in place to guide funders toward maximizing impact for people and the planet."
To read the full report, click here.
ClimateWorks Foundation is a global platform for philanthropy to innovate and scale high-impact climate solutions that benefit people and the planet. We deliver global programs and services that equip philanthropy with the knowledge, networks, and solutions to drive climate progress for a more sustainable and equitable future. Since 2008, ClimateWorks has granted over $1.8 billion to more than 850 grantees in over 50 countries.
Jennifer Rigney , +1 415-230-7324
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