Description
Philanthropic organizations and charities can play an important role in financing climate action. In this case, funds often come from individual donations for a specific cause or project.
Instrument category
Individual and community financing
Implementation status
High - much evidence available
Enabling conditions and success factors
- Philanthropic funds are usually grants and can play an important role in funding small scale infrastructure and access to services without any systemic enabling factors.
- However, the sustainable use and maintenance of infrastructure may depend on durable business models or renewed philanthropic support.
Instrument benefits
- Ability to address small scale climate action in contexts where commercial models for implementation are unfeasible.
Challenges and risks to implementation
- Risks to sustainable success if there is a lack of maintenance of infrastructure etc.
