The World Economic Forum announced the launch of Giving to Amplify Earth Action (GAEA), a new program aimed at unlocking USD3trn per year of financing for initiatives to achieve net zero, nature loss reversal and biodiversity restoration by 2050. Launched together with more than 45 philanthropic, public and private sector partners, the new initiative is focused on funding and growing new public, private and philanthropic partnerships (PPPPs) to help address the “slow and inadequate” state of current funding initiatives for major climate and nature challenges.

Source: ESGToday