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World Affairs, Today in News
Mahesh

18/01/23 22:03 PM IST

Giving to Amplify Earth Action (GAEA)

In News
  • The World Economic Forum, in partnership with over 45 organizations, has launched the Giving to Amplify Earth Action (GAEA) initiative.
About GAEA Initiative
  • It aims to leverage philanthropic capital to help drive the trillion dollar investments needed to tackle climate change and nature loss.
  • It aims to deliver a new wave of public, private and philanthropic partnerships (PPPPs) that could help unlock trillions of dollars of financing for new low carbon and biodiversity protection projects globally. 
  • GAEA will now work with its founding members across three main objectives, which include working with leaders from the public, private, and philanthropic sectors to identify and target climate and nature solutions where they are best positioned to play a catalytic role;
  • Pilot and refine funding models that can support PPPP interventions; and scale up and replicate successful approaches in new sectors and regions.
About WEF
  • The World Economic Forum (WEF) is a Swiss non-profit organization that brings together leaders to discuss global issues.
  • Founded in 1971 by Klaus Schwab
  • Mission is to “improve the state of the world” by shaping global, regional, and industry agendas.
  • WEF’s activities include publishing research reports, hosting events, and providing a platform for collaboration.
Source- Economic Times

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