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New report reveals movement towards climate change and environment philanthropy

March 22nd, 2022

A new report titled Environment and Climate Change Giving Trends 2022, produced by the Australian Environmental Grantmakers Network (AEGN), indicates that philanthropy is gearing its focus towards climate change as the climate crisis continues to intensify.

Key findings from the report include: 

  1. Global climate change philanthropy grew at four times the rate of total philanthropy last financial year, up 14 per cent 
  2. Donation and bequest giving to environmental charities in Australia grew by 10.9 per cent in just one year between 2018 and 2019 (to $267 million) 
  3. AEGN members donated more than $75 million to the environment in FY20-21, of which $65 million was for climate change 

“As the urgency of the dual climate and biodiversity crises becomes clearer, the philanthropic community is rising to the challenge by providing an unprecedented amount of funding to organisations committed to leaving a brighter future for the next generations. We’re calling on more people to follow their lead, including governments with the power to change their funding priorities to reflect the urgency of the climate challenge,” AEGN CEO Amanda Martin OAM said.

In recent years, some very large philanthropic gifts and pledges have been dedicated to climate solutions globally, including a $500 million pledge from Atlassian co-founder Mike Cannon-Brookes and his wife Annie.   

“My wife and I decided to significantly increase our giving to improve the environment because it’s become increasingly obvious that Australia has not been pulling its weight in emission reductions and action on climate change. I urge other Australians with the capacity to give to join us,” AEGN Chair Keith Ince said. 

Addressing climate change is becoming the primary focus of AEGN's philanthropic giving as they aim to build a more prosperous society. The report was launched at this week's Australian Environmental Philanthropy Conference.

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