The growing fossil fuel divestment movement has spread from university campuses to endowments of all types, and philanthropy is now moving into the spotlight as endowments increasingly make their divestment commitments and actions public. To date, over 50 billion philanthropic and individual dollars have been aligned with a commitment to divest from some of the worst carbon polluting companies. These fundamental shifts raise questions not only about how to divest from fossil fuels, but how to proactively finance climate solutions if we are to meet the estimated $1 trillion per year in renewable energy investment needed to keep global warming below 2 degrees Celsius. Renewable energy investments for 2013 lagged far behind this, at $254 billion.
How can we further engage grantmakers in supporting the reinvestment required to move us towards a clean energy economy? What are the institutional or other barriers to investment in climate solutions, and how do we push through them? What is the role of philanthropy and investment in relation to climate change policy?
Please join Confluence Philanthropy, Climate and Energy Funders Group/CGBD, and the Divest-Invest Philanthropy initiative for a roundtable discussion focused on financing climate solutions through divest-invest strategies. We encourage attendance from funders interested in a strategic conversation on breaking down barriers in this sector, and identifying ways that philanthropy can work together catalytically. Lunch will be provided.
01/14/15
The growing fossil fuel divestment movement has spread from university campuses to endowments of all types, and philanthropy is now moving into the spotlight as endowments increasingly make their divestment commitments and actions public. To date, over 50 billion philanthropic and individual dollars have been aligned with a commitment to divest from some of the worst carbon polluting companies. These fundamental shifts raise questions not only about how to divest from fossil fuels, but how to proactively finance climate solutions if we are to meet the estimated $1 trillion per year in renewable energy investment needed to keep global warming below 2 degrees Celsius. Renewable energy investments for 2013 lagged far behind this, at $254 billion.
How can we further engage grantmakers in supporting the reinvestment required to move us towards a clean energy economy? What are the institutional or other barriers to investment in climate solutions, and how do we push through them? What is the role of philanthropy and investment in relation to climate change policy?
Please join Confluence Philanthropy, Climate and Energy Funders Group/CGBD, and the Divest-Invest Philanthropy initiative for a roundtable discussion focused on financing climate solutions through divest-invest strategies. We encourage attendance from funders interested in a strategic conversation on breaking down barriers in this sector, and identifying ways that philanthropy can work together catalytically. Lunch will be provided.