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Foundations as sustainability partners: climate philanthropy finance flows in China

Author

Listed:
  • Na Ni
  • Dongrui Wu
  • Xiaofeng Xie
  • Yingtong Chen
  • Zhui Jian
  • Jincheng Qiu
  • Peichang Zhang

Abstract

Despite substantial efforts being made through public and private sources, funding for climate change mitigation falls far short of what is needed. Meanwhile, philanthropic sources have begun to emerge as important sustainability partners by connecting multiple sectors and guiding funding flows. This study provides a comprehensive overview of climate-related philanthropic foundation financing and funding in China. Using a classification framework for climate change initiatives through co-word analysis and text segmentation techniques, we conduct visualization analysis to depict the changing pattern of climate philanthropy in China by analyzing donors, subfields, and flow of funds between 2008 and 2019. We conclude by providing suggestions for funders, charities, and policymakers seeking to enhance the value of collaborative governance in addressing climate change.Philanthropic sources play a key role in climate change mitigation in the new mixed-actor model of climate governance in China.Climate philanthropy in China is inseparable from strong political connections and policy influence of the government.Policymakers worldwide need to pay attention to flows and gaps in philanthropic funding as part of climate finance monitoring and to stimulate data-driven decisions concerning future investments.Policymakers need to leverage the crucial role of philanthropy in connecting multiple sectors to strengthen the climate change mitigation ecosystem.

Suggested Citation

  • Na Ni & Dongrui Wu & Xiaofeng Xie & Yingtong Chen & Zhui Jian & Jincheng Qiu & Peichang Zhang, 2023. "Foundations as sustainability partners: climate philanthropy finance flows in China," Climate Policy, Taylor & Francis Journals, vol. 23(4), pages 446-461, April.
    • Handle: RePEc:taf:tcpoxx:v:23:y:2023:i:4:p:446-461
    DOI: 10.1080/14693062.2023.2169235
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    Cited by:

    1. Kamakshi Sharma & Tusharika Mahna & Sonali Jain & Sanjay Dhir & Neeta Rao & Achin Biyani & Himanshu Sikka & Rishit Yadav & Sidharth Dua & Archish Gupta, 2023. "Bibliometric Review of Blended Finance and Partial Risk Guarantee: Establishing Needs and Advantages," IJFS, MDPI, vol. 11(3), pages 1-21, August.

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