Strengthening the response to climate change
To sustain life on earth as we know it, we must prevent average global temperatures from rising more than
To sustain life on earth as we know it, we must prevent average global temperatures from rising more than 2°C and keep atmospheric levels of carbon dioxide (CO2) below 450 parts per million. Failure to achieve these goals increases the risk of irreversible loss of biodiversity, economic devastation, the inundation of coastal cities, catastrophic loss of agriculture and fresh water and more frequent and catastrophic weather events. These changes will be irreversible and will overwhelmingly affect the poorest and most vulnerable people on the earth.
There is still time to act. Oak Foundation commits its resources to address issues of global, social and environmental concern, particularly those that have a major impact on the lives of the disadvantaged. It is our duty and responsibility to contribute to protecting our planet and those most affected by climate change. This is why, in 2014, Oak made a substantial investment of USD 75 million over five years in the ClimateWorks Foundation.
Although this grant features in the Environment Programme section, it is a Special Initiative grant. This contribution reflects Oak’s wish to reduce greenhouse gas emissions globally and to protect our climate through the development of responsible global and local governance mechanisms, which will have important ramifications socially, as well as environmentally.
ClimateWorks supports climate action in the sectors and regions where the largest amounts of carbon reductions can be achieved. It aims to influence change in: power generation; transportation; energy efficiency; forest and land use; and non-CO2 climate pollutants such as methane and black carbon.
“Solving the problem of climate change requires collective action on a scale rarely seen before. ClimateWorks is building the global capacity of funders to collaboratively design strategies, coordinate investments and learn. We hope this will increase the likelihood of creating a safe future.”
- Charlotte Pera, President and Chief Executive Officer, ClimateWorks
A platform for collaboration
Climate change is a global problem that requires a coordinated response; acting in concert with other foundations committed to reversing climate change will multiply efforts. ClimateWorks is unique in its ability to provide a powerful platform for funder collaboration. ClimateWorks enables funders to discuss strategies, compare perspectives, learn from one another and engage new foundations in the process – ultimately increasing the effectiveness of our actions.
The photos throughout the Environment Programme section of the report are of the natural flora and fauna in Belize, Alaska and Canada, and of the Arctic region’s indigenous people, who have made this land their home for millennia. Changing climatic conditions in recent times are now threatening their food security and way of life.
© Tony Rath Photography
Source: Oak Foundation Annual Report
Year of publication: 2014