Climate Giving Surges 20% in 2023, Outpaces Growth in Global Philanthropy

ClimateWorks Foundation California

to help communities adapt and be more resilient to growing climate impacts.Emerging focus areas: Brazil (host of COP30) and the industrial sector (responsible for one-third of global emissions, but severely underfunded) are receiving increased attention as funders respond to global climate priorities.

Despite this progress, climate giving remains under 2% of total global philanthropy, far short of what's needed to halve emissions by 2030 and avert the worst climate impacts.

"The time is now for ambitious, strategic funding. Philanthropy must seize this moment to accelerate progress toward 2030 climate goals," said Surabi Menon, vice president of global intelligence, ClimateWorks Foundation. "With countless investable solutions ready to scale, the field is ready to absorb significantly more funding right now. Collaborative platforms and resources are in place to guide funders toward maximizing impact for people and the planet."

The report highlights three key opportunities for philanthropy:

Unlock philanthropy's catalytic and collaborative potential to spur game-changing investments from public, private, and multilateral finance for climate solutions.Invest deeply in grantee capacity development and multi-year flexible, core support, especially in low-to-middle-income countries.Embrace holistic, integrated climate solutions at the intersection of societal issues such as human rights, public health, and economic development.

To read the full report, click here.

About ClimateWorks Foundation
ClimateWorks Foundation is a global platform for philanthropy to innovate and scale high-impact climate solutions that benefit people and the planet. We deliver global programs and services that equip philanthropy with the knowledge, networks, and solutions to drive climate progress for a more sustainable and equitable future. Since 2008, ClimateWorks has granted over $1.8 billion to more than 850 grantees in over 50 countries.

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