MacKenzie Scott, for example, made a hefty round of giving to the cause, but is just getting started. In truth, in some cases, it was a hard call. I reviewed what they have funded so far-and their potential to ramp up their giving in the years ahead-and arranged them in ascending order of their estimated assets (not their climate giving, take note).Īlso note that there’s a comparable number of other billionaires who aren’t on this list, but are clearly on the cusp of qualifying. So I took a look at the nation’s wealthiest donors engaged in the climate fight, starting with those who are most active on the topic, either through a long history of giving or a well-established grantmaking program on the issue.
And while climate change has been a niche interest within philanthropy for many years-still largely is-we’ve been seeing more and more ultra-wealthy donors become involved in the issue in recent years-so much so that it’s getting a little hard to keep track. So it’s looking like we’re going to need all the outside funding we can get.Īnd you know where there is a whole lot of money? Particularly after a proposed billionaires tax went nowhere? In the bank accounts, offshore tax havens and cryptocurrency vaults of the nation’s richest residents. lately, you’re aware that the federal government has nowhere near the political will to muster such a sum, at least not yet.Ĭongressional Republicans still almost entirely refuse to support government-led climate action, and two Democratic Senators-one of whom earns a half-million a year from coal-will support only watered-down measures. A figure often cited as the necessary domestic investment in decarbonization is about $1 trillion per year, or around 4 to 5% of U.S.
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