Philanthropy: Time to Abandon the Ivory Tower of Climate Policy

[Lee Cruz]

NOTE: This article is 2 years old, the current situation is even more urgent than in 2022.

Even before the pandemic and nationwide racial justice demonstrations gripped the nation in 2020, “climate philanthropy” was rapidly expanding and evolving, with large foundations and mega-donors pledging billions of additional dollars to address the climate crisis. With an estimated $125 trillion of climate investment needed by 2050 to decarbonize the world economy, this growing support is welcome, but still represents a relative drop in the bucket.

The scope and nature of the challenge the world faces calls for a fundamental re-think of the philanthropic sector’s approach to this burgeoning crisis. Responding to accelerating climate change should not simply be a stand-alone grantmaking priority, but a programmatic consideration that influences a wide range of funding decisions, from youth development to affordable housing to the arts, to name but three. The Center for Effective Philanthropy’s (CEP) recent research into the philanthropic and nonprofit sector’s climate-related views and actions underscores the need for a fresh approach...

https://cep.org/philanthropy-time-to-abandon-the-ivory-tower-of-cli...;