Funding Climate Impact 2023 Hero
Curated peer-driven experiences that connect philanthropists with scalable, ready-to-fund climate solutions.
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Co-hosted by Bill Gates and Breakthrough Energy, Nat Simons, Laura Baxter-Simons, and their team, and the Climate Leadership Initiative (CLI), Funding Climate Impact showcases high-impact, ready-to-fund climate solutions that—with increased philanthropic support—can accelerate progress and deliver the outcomes we need to tackle the climate crisis.
Climate change is a global challenge that demands collective action to achieve the massive transitions we need. While many solutions exist, change is not happening quickly enough. Philanthropy is an essential catalyst for positive change—helping to build a better, more equitable future based on clean energy. Funding Climate Impact highlights a carefully curated selection of urgent and ready-to-fund solutions, vetted by experts and supported by experienced climate philanthropists.
April Session
We held our second Funding Climate Impact on April 25, 2023 with a 90-minute session featuring John Podesta, Senior Advisor to the U.S. President for Clean Energy Innovation and Implementation and the following climate solutions: Invest in Our Future presented by Aimee Witteman, Executive Director, Invest in our Future; Allied Climate Partners presented by Mimi Alemayehou, Senior Advisor, Three Cairns Group; Mission Possible Partnership presented by Faustine Delasalle, Co-Executive Director, Mission Possible Partnership.
Featured Climate Solutions
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Invest in Our Future
Fast-Tracking the U.S. Energy Transition
Landmark U.S. legislation passed in 2021-22 offers the U.S. an unprecedented opportunity to spur clean energy, advance equity, and build a more competitive and resilient U.S. economy—accelerating progress toward the country’s climate goals and igniting ambition globally. Fulfilling the promise of these new laws is essential; failing to do so puts billions of dollars at risk. Invest in Our Future seeks to raise and deploy $500 million over the next three years—and work closely with aligned funders—to maximize the benefits of this transformational legislation. Major, coordinated philanthropy will ensure new federal programs aid communities and workers, help remove obstacles to clean energy deployment, and leverage significant private investment. This session also will highlight aligned solutions that support the IRA and related legislation.
Current funders include Breakthrough Energy, William and Flora Hewlett Foundation, Lucinda Southworth, John D. and Catherine T. MacArthur Foundation, The David and Lucile Packard Foundation, Rockefeller Foundation, High Tide Foundation, and Zegar Family Foundation.
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Allied Climate Partners
Unlocking Financing for Sustainable Development in the Global South
Investment decisions today are setting countries across the global south on one of two paths: either extractive, expensive, and polluting—or renewable, resilient, and sustainable. A safer and more equitable future is hindered by the difficulty that projects—in areas like clean energy, industrial sustainability, and green urban development—face in progressing to a stage where they are ready to attract financing at scale. To address this barrier, Allied Climate Partners (ACP) seeks to raise $235 million in the next 18 months to support early-stage development of projects that make clean energy accessible to more people, speed decarbonization, and improve resilience against the effects of climate change. Through philanthropy, ACP will enable emerging projects to reduce risk and catalyze significant investment from governments, development finance institutions, and the private sector. ACP will build on the model it has proven in Southeast Asia and deploy it across Africa, India, and the Caribbean.
Current funders include Sea Change Foundation, Three Cairns Group, and other family foundations.
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Mission Possible Partnership
Powering a Global Clean Energy Industry and Transport Future
Achieving our ambitious climate goals requires rapidly transforming seven carbon-intensive industry and transport sectors–cement, steel, aluminum, chemicals, aviation, trucking, and shipping—that together account for 30 percent of global carbon dioxide emissions. Mission Possible Partnership (MPP) is an innovative effort by NGOs and corporate leaders to advance a clean industry and transport future by 2030. Philanthropic support will accelerate a massive multi-sector transition—by, for example, increasing demand for low-carbon cement or scaling deployment of sustainable aviation fuels—while unlocking public and private financing to deploy the technologies, infrastructure, supply chains, and policies required to succeed. MPP seeks to raise $30 million over two years to fund coordinated global efforts and launch breakthrough projects—such as sector-wide uptake of green hydrogen as marine fuel for shipping—in industrial hubs across target regions in Europe, Asia, Africa, and South America.
Current funders include the Bezos Earth Fund and Breakthrough Energy.
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