New $50 Million Fund Launched to Empower Communities Battling Climate Change Risks

A new fund called the Adaptation and Resilience (A&R) Fund has been established to provide over $50 million for locally driven solutions to combat climate risks like extreme heat, floods, and droughts. This funding aims to boost community resilience in low- and middle-income countries through projects such as early warning systems and innovative financial tools.

The initial grants will address extreme heat in urban areas across South Asia, Southeast Asia, and sub-Saharan Africa. The initiative is a collaboration between the ClimateWorks Foundation, Howden Foundation, Laudes Foundation, Quadrature Climate Foundation, and The Rockefeller Foundation.

Jessica Brown, senior director at ClimateWorks, emphasized the importance of blending local innovation with global efforts. “With strategic investments in climate adaptation, philanthropy can foster collaboration and develop scalable solutions to build community resilience,” she stated.

This funding aligns with a $50 million commitment from philanthropic groups responding to the UN Secretary-General’s Call to Action on Extreme Heat. With over 2.4 billion people at risk of severe heat each year, this support is vital for communities facing both health and economic challenges.

Jess Ayers, CEO of Quadrature Climate Foundation, highlighted a crucial point: “We can’t succeed in reducing carbon emissions without also investing in resilience. Yet, adaptation is still often overlooked.” She noted, “The A&R Fund marks a turning point by directing resources to communities that need them the most. This is about more than just survival—it’s about creating equitable change.”

Elizabeth Yee from The Rockefeller Foundation pointed out that extreme heat is already a pressing issue. “This fund is essential for helping cities prepare for and protect residents from extreme weather,” she said. “We’re collaborating with partners who share our goal of safeguarding health and economic security.”

Interestingly, adaptation efforts are underfunded, with public finance covering only 10% of adaptation costs in low-income countries. Yet, research suggests that every dollar invested in adaptation can yield returns ranging from $2 to $42. Building resilient, people-centered solutions can make a significant difference.

The A&R Fund reflects a growing recognition of the need for climate resilience. In 2024 alone, more than $650 million was invested in this area. Amol Mehra from Laudes Foundation stressed the clear business advantages of investing in climate adaptation: “Not only is it a moral obligation, but it also helps protect supply chains and reduces long-term risks.”

Claire Harbron of the Howden Foundation added that extreme weather events pose a significant risk. “Philanthropy has a vital role in ensuring that those most affected have the resources and information they need to respond effectively,” she noted.

The A&R Fund stands as a critical step in addressing climate challenges. By supporting local solutions, it empowers communities to become more resilient against the growing threats posed by climate change.

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