The Bezos Earth Fund, Bill & Melinda Gates Foundation, Bloomberg Philanthropies, and the William and Flora Hewlett Foundation are among the foundations to announce big pledges during the 28th United Nations Climate Change Conference, or COP 28, in Dubai. Many of them focused on addressing the impacts of climate change on health and food production, which have become priority issues for the sector.
One of the major themes behind commitments made by some of the world’s wealthiest donors was that while philanthropy can’t fully fund global climate goals on its own, it can provide critical seed funding that can accelerate the development of new science and technology and help mobilize future investments from the public and private sectors.
Here are the biggest pledges from the summit, which ends Dec. 12.