Harnessing Philanthropy for Climate Action

Policy Brief 2023 Sukhreet Bajwa, Deepa Gopalakrishnan

This Policy Brief was first published in https://t20ind.org

Philanthropy, centred on a multistakeholder approach and guided by data-led evidence, holds the power to impact macro-level actions. It can serve as a conduit for undertaking investment in local adaptation projects and help bridge the adaptation finance gap. Philanthropy can use a combination of economic advantages, such as low- cost loans and innovative financial instruments, as a powerful means to offset the risks foreseen by the private sector. Philanthropy can take up climate adaptation through advancement in research, infrastructure development and management, and ground- up sourcing of local, regional, and traditional knowledge. It aims to create accessibility to ensure sustainability through actionable and scalable ideas. This Policy Brief seeks to facilitate cross-learning of both, best practices and challenges across the G20 member countries while citing some examples from India, the presiding country.