As the U.S. and Europe pull back from global climate aid, can Asian funders fill the gap?
Asian philanthropists are increasingly stepping in to fund climate change mitigation efforts as Western nations scale back their international aid. Despite Asia being disproportionately affected by climate change, it receives a small fraction of global philanthropic giving. Organizations like the Philanthropy Asia Alliance and Tara Climate Foundation are working to bridge this significant funding gap, which requires over $200 billion annually for adaptation and resilience in Asia alone. Philanthropists are exploring innovative financing models like blended finance and risk capital to address the challenge. AI
