Public-Private Effort Pledges $80 Million for Energy-Efficiency Plan

Public-Private Effort Pledges $80 Million for Energy-Efficiency Plan

The White House and more than a hundred other governments have called for the adoption of an amendment to the Montreal Protocol to institute an early "freeze date" for potent greenhouse gases known as hydrofluorocarbons (HFCs).

Coupled with $27 million in government funding for the Montreal Protocol Multilateral Fund, a group of foundations and philanthropists have pledged $53 million to establish the High Ambition Climate Fund, a coordinated effort to improve energy efficiency in developing countries while phasing out HFCs. The funds will be used to help developing countries implement the amendment, transition to more efficient cooling systems, and phase down the production and use of HFCs. The announcement comes two weeks before the final Montreal Protocol negotiations take place in Kigali, Rwanda.

The philanthropic commitments were made by the Barr Foundation; Bill Gates; the Children's Investment Fund Foundation; the ClimateWorks Foundation; the David and Lucile Packard Foundation; the Heising-Simons Foundation; the William and Flora Hewlett Foundation; the John D. and Catherine T. MacArthur Foundation; Josh and Anita Bekenstein; John and Ann Doerr; Laura and John Arnold; the Oak Foundation; the Open Philanthropy Project; the Pirojsha Godrej Foundation; the Pisces Foundation; the Sandler Foundation; the Sea Change Foundation; Tom Steyer; and the Wyss Foundation.

"These philanthropic resources can help ambitious developing countries phase out super potent greenhouse pollutants faster and cheaper through energy efficiency," said Larry Kramer, president of the Hewlett Foundation. "Doing so is a monumental win for our global climate that can help the entire world avert some of climate change's worst impacts."