UK's 100 richest families to commit £1bn to tackle climate crisis

Tuesday 08th June 2021 10:00 EDT

Ahead of G7, a letter is being floated to ask the UK’s 100 richest families to make climate charitable focus. The amount is £1bn, which needs to be collected over the next five years to tackle the climate emergency and halt the destruction of the natural world, as the world prepares for a big push on environmental issues at the G7 summit.

“Each of the 100 richest families in the UK, and the 100 biggest charitable foundations, will receive a letter on Saturday asking them to make the climate and biodiversity crises a focus of their philanthropic efforts, in order to stave off pending disasters that would imperil all their other charitable efforts,” The Guardian reported. 

The letter does not ask for specific amounts, but the Guardian understands the signatories hope to increase funding by £1bn by 2025. At present, only about 4% of the money from UK philanthropic trusts and foundations goes to environmental causes, including climate change.

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