QCF Supports Philanthropic Initiative for Climate Adaptation and Resilience
In response to United Nations Secretary-General António Guterres' call to action on extreme heat, a coalition of philanthropies, convened by ClimateWorks Foundation, is committing an initial $50 million to climate adaptation and resilience efforts in regions most vulnerable to climate change, including extreme heat.
Jess Ayers, CEO of Quadrature Climate Foundation, said: “Extreme heat claims more lives than any other weather-related hazard, and with climate change driving temperatures to all-time highs, the stakes have never been higher. The most profound impacts are felt by the one billion urban poor residing in slums and informal settlements, where substandard housing with metal roofs lacks insulation or cooling systems. Many of these individuals are also employed in outdoor or factory jobs without any social protections. In response, Quadrature Climate Foundation is joining other philanthropic organisations to commit US$50 million in rapid-response funding. This funding is aimed at developing and deploying solutions that enhance preparedness, adaptation, and resilience to the intensifying crisis of extreme heat.”
Quadrature Climate Foundation is proud to join this collective effort, highlighting the crucial role of philanthropy in supporting innovative solutions to combat climate change's growing challenges.