As Asia emerges from the worst effects of the pandemic, it is also faced with the increasing prevalence of climate related events that are linked to climate change. Research has revealed that Asia will face some of the harshest effects of climate change globally. With 37 of the 40 most polluted cities in Asia, there is a need for immediate action. Governments can find it challenging to take on the higher risks attributed to climate investments due to their more immediate social welfare concerns.
As such, philanthropists can act as a catalyst for climate action by funding innovations and solutions to support a sustainable transition to a low carbon economy. 2022 sees Indonesia take on the Presidency of the G20 and clean energy transition is one of three priority areas identified by the Indonesian government this year, this sends an important signal to markets and philanthropists alike as to the importance of this issue.
The objective of this study is to better understand the extent to which Asian philanthropists are currently working in the climate sphere in Asia, with a major focus on the Southeast Asia and South Asia regions and to provide a resource to advance strategic climate philanthropy in the region.
The report aims to:
- Focus in on the mindset of Asian philanthropists, many of whom are starting out on their climate philanthropy journeys, and to understand their core motivations, whilst exploring the challenges Asian philanthropies are facing in moving into strategic climate philanthropy.
- Provide recommendations for organisations in the region as well as globally that want to engage with Asian philanthropists in the hope of inspiring more Asian philanthropies into climate.