Home
Focus Areas
About Us
Open Society Foundations' Soros Economic Development Fund
Foundation: Open Society Foundations, Sea Change Foundation
One of the world's biggest philanthropists is putting his money where his mouth is.
George Soros has committed $25 million to Allied Climate Partners, a public-private partnership that aims to increase the number of bankable climate projects in emerging markets and developing economies, the New York Times reports.
"The scale of investment needed to drive climate transition and adaptation in Global South economies clearly goes far beyond the capacities of private philanthropic funding," Mark Malloch-Brown, president of Soros Economic Development Fund, said in a statement.
"We are excited about this model which seeks to use catalytic funding to remove barriers, and help kick start the broader systemic shifts the world urgently needs."
Allied Climate Partners will use funds from the SEDF and other philanthropic investors to anchor a number of regional funds in Southeast Asia, Africa, Latin America and the Caribbean, and India with $235 million first-loss junior equity.
These regional funds will in turn seek to raise an additional $600 million in senior equity from multilateral development banks, development finance institutions, and private investors.
"Without this support, many projects and businesses struggle to attract the necessary capital to achieve their climate-related goals," the statement reads.
"Even though 5% of the capital can unlock 95%, this early-stage capital is the hardest
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Sustainability LIVE Q&A: Jeffrey Whitford, MilliporeSigma | Sustainability Magazine.Jeffrey is the Vice President of Sustainable & Social Business Innovation at Milliporesigma.He talks to us about...more
The Trump regime's climate denial could enable China to assume the mantle of global economic leadership, says Julian Zelizer.Halting global heating with China's vision and state capacity would truly...more
Amazon's Climate Pledge Fund joins Cyclic Materials' extended Series B round.Amazon aims to support climate technology companies with "the most potential to help Amazon and others reach...more
Commission launches public consultation on the EU Emissions Trading System and the Market Stability Reserve.European Commission Home News & Your Voice News.Commission launches public consultations on...more
Climate finance is essential in helping the world's most vulnerable communities cope with the growing impacts of climate change.Green bonds have traditionally supported large-scale mitigation...more
Assistant Business Administrator Caleb Stratton is Hoboken's Acting Business Administrator.Director of Climate Action & Innovation Jennifer Gonzalez is the new Assistant Business...more
The Harvard Enterprise Research Campus is a transformative nine-acre development in Boston's Allston neighborhood.The ERC aims to create a dynamic mixed-use environment that fosters innovation and...more
Renewable energy has achieved a record-breaking surge in 2024, constituting over 92 per cent of new global electricity capacity.Green growth is the prize, and this turning point presents an...more
The 2025 EarthX Climate Tech Prize is awarded annually to early-stage ventures with less than $250,000 in revenue.The winner of the competition will be awarded a $25,000 grant to help accelerate...more
H.eco Festa, the revamped name of the annual H.eco Forum, took place at the Korea Advanced Institute of Science and Technology's Lyu Keun-chul Sports Complex in Daejeon on April 9.Scientists,...more
Environment News from...
Social Entrepreneurship
Spotlight
The U.S. Government on Cultivating Impact Investing And Social Enterprise
According to a Private Capital, Public Good report recently released at the White House from a group of A-list impact investing and social enterprise specialists, the U.S. government can do a lot to spur the growth among the impact investing and social enterprise sectors.