Can Philanthropy Spur the Massive Climate Finance the Developing World Needs?

There’s perhaps no bigger climate-related challenge than the trillions in clean energy and sustainability investments needed in developing countries. How can private philanthropy possibly make a dent? While reducing greenhouse gas emissions to curb climate change is a global challenge, in many ways, the energy futures of two countries, China and India, will shape the course of the planet.

India has a goal of bringing energy to more than 300 million people, a quarter of its population that currently lives in the dark. Meanwhile, China is urbanizing at breakneck speed, with its cities expected to house one in eight people on the planet by 2030. That kind of rapid development could translate either to a global expansion of clean energy or hundreds of new coal plants pumping carbon into the atmosphere.

Read the full article at Inside Philanthropy.