How can philanthropy move carbon markets forward?

Published 1 month ago• 1 minute read

At a time when foundations are being asked to do more across a range of development issues, the role of philanthropy in carbon markets may not be top of mind.

But during the African Development Bank annual meetings in Abidjan, Zeph Kivungi, Africa climate director at the Children’s Investment Fund Foundation, or CIFF, made the case for why that should change.

Speaking during a panel focused on de-risking and scaling carbon market investment in Africa, Kivungi argued that philanthropic capital has a crucial role to play in scaling up investment in carbon markets — particularly when it comes to creating the conditions that make private sector involvement viable.

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