Name: Surprise! Billionaires aren’t solving climate change
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Surprise! Billionaires aren’t solving climate change

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Share this postheated.worldA newsletter for people who are pissed off about the climate crisis.Over 81,000 subscribersContinue readingSign in Arielle SamuelsonNov 7, 2023109Share this postheated.world7ShareWhen billionaires announce grand&nbsp;philanthropic donations for the planet, they tend to get heaps of positive attention.$10 billion Bezos Earth Fund$100 million prize for “best carbon capture;”recent announcementSkims Ultimate Nipple Braso proud of this girlisshouldRelated reading: Billionaires contribute to climate change the most — and determine climate policy.one million times more greenhouse gasesboost their own reputationsthe Guardian reportedSo when it comes to evaluating the generosity of billionaire philanthropy for the planet, we believe it’s not enough to simply look at the dollar amount being given. We must also ask: are they giving enough to actually offset the harm they cause?&nbsp;And a new report suggests they are most likely not.a philanthropy report released todaydonated $8 to $13 billion to climate change mitigationclimate-related giving made up less than 2 percent of the $811 billion in philanthropic givingthe press releaseentire reportThe level of climate philanthropy in 2022 “is not commensurate with the urgency of the crisis and the scale of the efforts needed to limit global warming to 1.5° C,” wrote the report’s authors, who said philanthropic giving to climate causes has been at “disappointing” numbers since 2015.&nbsp;“This is not the direction we should be heading if we are going to have a fighting chance at a liveable future,” said ClimateWorks CEO Helen Mountford.to donate $10 billion over 10 years Right now, up to 60 percent of global greenhouse gas emissionscan be traced backthe world’s most popular place to consume products and servicesFurther reading:Why we’re taking Jeff Bezos’ $10 billion climate pledge with 10 billion grains of saltAnd even though $10 billion is a lot for a billionaire to give to climate change, it’s still small in the grand scheme of philanthropic donations.&nbsp;exactlyless thanBefore we throw the billionaire out with the bathwater, experts in philanthropic funding say they do have a part to play in solving the climate crisis. But solutions must be "funded like we want them to win," said Mountford. And right now, they’re not.Here’s how much it’s going to actually cost to solve climate change, according to the Climate Policy Initiative: at least $4.3 trillion per year. So far, the International Monetary Fund reports that the world is only spending $630 billion a year in climate finance—a shortfall in the trillions.&nbsp;Related reading: The climate case against Elon MuskvotersBut the wealthiest people on Earth can certainly afford to give more than 2 percent of their total donations to stop the climate crisis—especially given their role in continuing it.Catch of the Day: DollyDollyJesscatchoftheday@heated.world109Share this postheated.world7Share7 CommentsShare this discussionheated.worldExpand full commentExpand full comment5 more comments...TopNewCommunityNo postsReady for more?© 2023 Emily AtkinPrivacyTermsCollection notice Start WritingGet the appSubstack is the home for great writingThis site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts

Share this postheated.worldA newsletter for people who are pissed off about the climate crisis.Over 81,000 subscribersContinue readingSign in Arielle SamuelsonNov 7, 2023109Share this postheated.world7ShareWhen billionaires announce grand&nbsp;philanthropic donations for the planet, they tend to get heaps of positive attention.$10 billion Bezos Earth Fund$100 million prize for “best carbon capture;”recent announcementSkims Ultimate Nipple Braso proud of this girlisshouldRelated reading: Billionaires contribute to climate change the most — and determine climate policy.one million times more...

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Surprise! Billionaires aren’t solving climate change

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