Individuals and philanthropies donated more than $9 billion worldwide toward efforts intended to limit climate change in 2023, a roughly 20 percent jump over climate-related giving in 2022, according to a new report.
An analysis published Tuesday by the nonprofit ClimateWorks Foundation found that the growth in climate-focused donations topped the annual percentage increase in global philanthropic giving for the first time since 2020.
At the same time, the San Francisco-based nonprofit said more climate donations are needed because heat-trapping emissions continue to rise while federal emission-cutting efforts are at risk. President-elect Donald Trump takes office in January with plans to slash federal climate spending.
“The stakes couldn’t be higher,” ClimateWorks CEO Helen Mountford said in a news release. “Philanthropy has a critical role to play.”
