U.S. foundations increasingly are awarding grants to mitigate global warming and climate change, investing a total of $1.9 billion in the cause over the last decade, a new study says.
And in 2008 alone, funders awarded a total of more than $850 million in climate-change grants, more than double the amount awarded in 2000, says the report from the Foundation Center.
While the field was dominated by the William and Flora Hewlett Foundation, which awarded grants totaling almost $523 million in 2008, 267 other grantmakers funneled a total of $240 million into the effort, representing a 37 percent increase over 2007, excluding Hewlett funding.
And while the top 25 grantmakers provided 90 percent of the climate-related funding, more than 50 funders awarded grants of $1 million or more last year.
Foundation grants target all areas of climate change, including emissions-reduction, the role of rain forests, global carbon balancing and resilience and adaptation to climate change.
And in recognition of the importance of governments in the climate-change debate, one in four grants, totaling $1.4 million, were directed at public-policy efforts.