Less than two per cent of annual global philanthropic giving goes towards preventing climate change, according to research by Climate Works Foundation. The research is part of the first Asia-focused climate philanthropy report by the World Economic Forum's Giving to Amplify Earth Action initiative, and was launched at the COP28 Singapore Pavilion in Dubai in December last year in collaboration with Philanthropy Asia Alliance (PAA) and Climate Works Foundation.
It highlights the importance of philanthropic-public-private partnerships when it comes to addressing climate and nature challenges in Asia and beyond. Funders in Asia see opportunities in expanding funding across various sectors, identifying gaps across nature and energy sectors, and enabling environmental strategies.
A collective approach is the way forward to solving climate challenges, says PAA CEO Lim Seok Hui: "The multi-stakeholder value chain can drive and scale impactful change." The report is an example of PAA's work to be "a catalyst to deeper involvement and collaboration of partners from across the philanthropic, public and private sectors to exchange knowledge and mobilise capital in a meaningful way in Asia".
This story is from the February 2024 edition of Tatler Singapore.
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This story is from the February 2024 edition of Tatler Singapore.
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