Nine Foundations Commit $459 Million to Global Climate Action

Nine Foundations Commit $459 Million to Global Climate Action

Nine foundations have announced commitments totaling $459 million through 2022 in support of land-related global climate action.

Announced on the eve of the 2018 Global Climate Action Summit in San Francisco, the commitments by the , the , the , the , the , the , the , the , and will support the protection, restoration, and expansion of forests around the world as well as the recognition of indigenous peoples' and traditional communities' land rights.

Land-based climate actions have the potential to deliver up to one-third of the carbon emissions reductions needed by 2030 to limit global warming to 1.5°C. To that end, the presidents of the nine foundations and six other philanthropic groups issued a joint statement affirming the critical role forests and sustainable land use play in the fight against climate change. Among other things, the statement emphasizes the need to secure indigenous guardianship of the forests inhabited by indigenous peoples, which evidence shows is among the most powerful and durable solutions to keep forests intact and thriving.

"Today marks a major step forward for the philanthropy sector as we step up our collaborative efforts to address the crisis of climate change," said Ford Foundation president Darren Walker. "Climate solutions rooted in forests and land use are critical to meeting today's global climate goals — to protect and expand forests, promote sustainable land use, and secure the rights and livelihoods of indigenous and forest communities. We're calling on other donors to join us in the urgent effort to protect forests, rights, lands, and the climate."

"Evidence is mounting that despite the global squeeze for land, it is possible to protect forests, wetlands, and other precious natural resources — and indigenous communities — while growing food," said Charlotte Pera, president and CEO of the ClimateWorks Foundation. "We see countries reviving degraded lands, corporations pledging to stop deforestation, and indigenous communities with strong land rights leading the way on sustainable enterprises that support their livelihoods while keeping forests standing. Our goal is for the philanthropic sector to raise its ambitions so that these successes can be elevated and replicated."

"." Global Climate Action Summit Press Release 09/11/2018. "." Foundations' Joint Statement Supporting Forests, Rights, and Lands for Climate 09/11/2018.