Authors
Davida Herzl
The challenge of addressing climate change has arrived at a time when the philanthropic sector is experiencing tremendous growth and finds itself in a state of reinvention, willing to take on the largest challenges facing humanity, support innovative solutions, and collaborate across sectors and borders.This paper from the NextEarth foundation suggests that philanthropy could play a key role in development of a low-carbon economy; by mobilizing risk capital for critical research and early-stage technologies. In effect, philanthropic capital and influence could prime the pump for increased investment from the financial sectors.