Thank you for highlighting the importance of philanthropy in scaling CDR. Could you also mention 3 directions that we can take in order to increase the allocation of philanthropic funds to CDR? Best, Paris
Thanks for your interest! A few directions come to mind:
- Highlighting the co-benefits of specific CDR projects to communities (e.g., livelihoods/climate justice/environmental co-benefits) as a way to unlock more philanthropic capital from mission-aligned donors;
- Building on both public and private partnerships to de-risk CDR purchases and soften the price point via innovative financing mechanisms;
- Continuing to support the CDR sector through monitoring, reporting and verification (MRV), policy advocacy, and corporate guidance.
Great post, thanks. New subscriber here.
Re: "Second, people often can’t see the way that their philanthropic donations can make a difference, even on an issue they care about. That might be because they have lost a certain amount of hope—and we believe that hope is a greater driver than despair." -- I wrote a post recently about hope, apathy and scaremongering that may be of interest: https://open.substack.com/pub/predirections/p/on-hope-apathy-and-scaremongering?r=2r7az9&utm_campaign=post&utm_medium=web
Thanks for sharing, Jonathan. Great post!
Thank you for highlighting the importance of philanthropy in scaling CDR. Could you also mention 3 directions that we can take in order to increase the allocation of philanthropic funds to CDR? Best, Paris
Thanks for your interest! A few directions come to mind:
- Highlighting the co-benefits of specific CDR projects to communities (e.g., livelihoods/climate justice/environmental co-benefits) as a way to unlock more philanthropic capital from mission-aligned donors;
- Building on both public and private partnerships to de-risk CDR purchases and soften the price point via innovative financing mechanisms;
- Continuing to support the CDR sector through monitoring, reporting and verification (MRV), policy advocacy, and corporate guidance.
I still don't know how to invest in something that actually makes a difference and not just someones paycheck (and consumption).
PS: "the US (the world’s largest philanthropic market, by some distance)" - yes, in dollars - not so much distance in percentage of GNI.