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Philanthropy can help protect against climate change

Report: Philanthropy can help protect against climate change

People march with a banner with a message in Spanish; According to a report from the philanthropic research organization Candid released Wednesday, June 8, 2022. According to the report, only about 2% of global donations go to climate change mitigation, and less than 4% of that — about $60 million in 2019 — is dedicated to climate justice and justice-oriented work. Credit: AP Photo/Victor R. Caivano, file

According to a report released Wednesday by research organization Candi, philanthropists could help reduce the damage of climate change by donating more money to help tackle global warming and the communities most at risk.

“There can be tremendous value for money in supporting communities to address the inequalities that drive their climate vulnerabilities,” Heather McGray, of the Climate Justice Resilience Fund, said in the report. Putting equality and justice at the heart of climate philanthropy“But it only works if success is defined as reducing the overall damage of climate change, not just reducing greenhouse gas emissions.”

According to the report, only about 2% of global donations go to climate change mitigation, and less than 4% of that — about $60 million in 2019 — is for climate justice and justice-oriented work.

“It’s a very small piece of an already very small piece,” said report co-editor Janet Camarena, senior director of Candid Learning. “Traditional top-down philanthropic practices often perpetuate disparities in how the climate crisis is being addressed.”

Despite “all the buzz we hear about trust-based philanthropy and participatory processes,” Camarena said most donors don’t base their contributions on the expertise of the people receiving their money.

An attempt to reverse that trend inspired the report, which was funded by the William and Flora Hewlett Foundation and the Oak Foundation.

Report: Philanthropy can help protect against climate change

Destroyed homes, lit by firelights, can be seen after a tornado hit the area in Arabi, La., March 22, 2022. Philanthropy can fight climate change more effectively if more donors focus on funding climate justice issues and fighting inequality, according to a report by the philanthropic research organization Candid released on Wednesday, June 8, 2022. According to the report, only about 2% of global donations go to the climate change mitigation and less than 4% of that — about $60 million in 2019 — is earmarked for climate justice and equity-oriented work. Credit: AP Photo/Gerald Herbert, File

In 2019, Ariadne, a European network of foundations supporting social change and human rights issues, recognized the need to increase funding for climate justice. In doing so, the network sought to address the issues of racism, classism, patriarchy, economic injustice and environmental damage facing communities disproportionately affected by climate change. Yet it also acknowledged that many donors didn’t know how to get started.

“Ultimately, the climate crisis is closely linked to issues of justice, which must be part of the analysis and embedded in the solutions,” Julie Broome, Ariadne’s director, wrote in the report. “The countries that bear the greatest burden of climate change are often far from the largest contributors to the crisis.”

Candid’s Camarena said the climate crisis requires the same wide range of small, creative solutions that philanthropic donors used to fight COVID-19. And she said she believes there is reason for optimism that those changes can be achieved.

“In the wake of both the reckoning of COVID inequality and the aftermath of the racial reckoning with the George Floyd murder, many foundations have changed their value statements and posted how they support racial equality, and in some cases even racial justice. ” she said. “Climate justice fits in very well with that, as financiers not only think about putting the words on a website, but also about operationalizing those words.”


Study: Only 2% of global donations go to climate change mitigation


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Quote: Report: Philanthropy Can Help Protect Against Climate Change (2022, June 8), retrieved June 8, 2022 from https://phys.org/news/2022-06-philanthropy-climate.html

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