Crain's reported this morning that the MacArthur Foundation has started making grants to help curb climate change:
Initial grants will help continue and accelerate U.S. greenhouse gas reductions, increase and sustain U.S. political consensus for climate action, and provide incentives for a low-carbon economy. The climate initiative is the second big bet MacArthur has announced in pursuit of transformative change in areas of profound concern; the first was a $75 million initiative to reduce over-incarceration by changing the way America thinks about and uses its jails.
MacArthur’s initial $50 million investment in 2015 includes both unrestricted general operating support and specific project grants.
So far the money is going to the usual suspects (Sierra Club, Nature Conservancy), and it can only help. I would like to see other large organizations start making these kinds of grants; in particular, insurance companies, who have a financial stake in fighting anthropogenic climate change.