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| Mon, 4th Oct 2021 7:36:00 |
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It’s Monday, October 4, and billionaires have pledged more money than ever before to protect our planet. |
On September 22, nine philanthropic foundations announced that they will spend a record $5 billion on conservation efforts over the next 10 years. The philanthropic pledge, dubbed the Protecting Our Planet Challenge, is part of 30×30, an international initiative to protect 30 percent of the Earth’s land and seas by 2030. The billionaires behind the foundations include Swiss businessman Hansjörg Wyss, Amazon founder Jeff Bezos, and former New York City mayor Michael Bloomberg.
The environmental sector has historically been overlooked by philanthropists, according to the Rockefeller Philanthropy Advisors group, accounting for just 8 percent of giving.
In the announcement, the donors emphasized the importance of Indigenous stewardship of protected areas and called for more government action to protect nature. “Private donors have a role to play, but this goal requires the commitment of all governments and of the communities that manage some of the world’s most biodiverse landscapes,” Lisbet Rausing and Peter Baldwin of Arcadia, one of the participating foundations, said in a statement.
The $5 billion dollar pledge was made ahead of the United Nations’ international biodiversity conference, where countries will discuss goals for protecting nature and the environment later this month.
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