15. LIFE ON LAND

The Earthshot Prize and Bloomberg Philanthropies Convene World Leaders, Investors, and Activists to Celebrate and Scale Climate Innovators’ Groundbreaking Solutions – Bloomberg Philanthropies

Written by Amanda

The Earthshot Prize and Bloomberg Philanthropies Convene World Leaders, Investors, and Activists to Celebrate and Scale Climate Innovators’ Groundbreaking Solutions  Bloomberg Philanthropies

Speakers at the Earthshot Prize Innovation Summit included: New Zealand Prime Minister Jacinda Arden, Her Majesty Queen Rania Al Abdullah, Cate Blanchett, Matt Damon, Bill Gates, Earthshot Prize Finalists and Winners, Oscar the Grouch, and many more

 Bloomberg Philanthropies announced more than $20 million in new funding to help replicate and turbocharge the work of the inaugural Earthshot Prize Winners and Finalists

His Royal Highness Prince William, in pre-recorded remarks, called for collaboration and courage to repair and restore the planet

New York, NY – Today, The Earthshot Prize and Bloomberg Philanthropies co-hosted The Earthshot Prize Innovation Summit in New York City. The Summit focused on driving systems-changing climate solutions to repair our planet by bringing together heads of state, government leaders, philanthropists, business executives, and grassroots climate activists from around the world to showcase, replicate, and scale the groundbreaking solutions needed to tackle the world’s most pressing environmental challenge. 

In a pre-recorded speech, His Royal Highness Prince William, the founder of The Earthshot Prize, said, “Protecting the environment was a cause close to my Grandmother’s heart, and I know she would have been delighted to hear about this event and the support you are all giving our Earthshot Finalists, the next generation of environmental pioneers.”

“These pioneers exemplify the leadership needed in this decade of change,” he continued, describing the inaugural Earthshot Prize winners. “They include inspiring activists, brilliant innovators, a forward-thinking city, and even an entire country making a real difference. But they cannot do it alone. This must be a team effort. We must come together behind their innovative solutions to ensure they reach their full potential with pace and scale. We must collaborate in new ways, and we must be courageous.” 

In his opening remarks, Michael R. Bloomberg, UN Secretary-General’s Special Envoy on Climate Ambition and Solutions and Global Advisor to the Winners of The Earthshot Prize said, “When you’re pushing big goals, there are no small jobs. Everyone has a role to play – and every role is important. That spirit is what took us to the moon – and it’s what will make it possible to save the Earth from climate change. Today, we have the opportunity to celebrate innovators who are leading the way. They are taking on hard challenges, like reforestation, carbon renewal, coral restoration, turning sanitation waste into organic fertilizer, generating hydrogen power, and reducing food waste. At Bloomberg, we’re glad to support them every step of the way.” 

“While political action is essential to achieving sustainable development goals, civil society and the private sector have an equally important role to play, especially in generating innovative approaches. The Earthshot finalists today – you embody this,” New Zealand Prime Minister Jacinda Arden said.  “We cannot expect environmental innovations to happen in a vacuum, nor for good ideas to create change if they’re not supported to flourish. We can all and should marvel at the ideas we see here today. But let us also remember that we have a role in helping pave the way for them as kaitiaki, guardians, because our children expect nothing more.”

Through various announcements, Bloomberg Philanthropies committed more than $20 million through direct grants, co-funding, and other efforts to  support the success of the inaugural Finalists and Winners of The Earthshot Prize 2021, including:

  • Scaling Takachar’s technology, which reduces smoke emissions from agricultural waste by up to 98%, through a pilot program in villages in the state of Punjab and Haryana, India. 
  • Supercharging Pristine Seas’ 30×30 ocean protected goal through funding major ocean expeditions, helping establish more marine protected areas, and enhancing diplomacy and advocacy efforts. Pristine Seas has already helped establish 26 marine reserves worldwide, across an area over twice the size of India.
  • Scaling Coral Vita’s research capabilities to identify new restoration sites and monitor both restoration progress and local marine health after installation. Coral Vita’s cutting-edge methods to grow coral up to 50 times faster than nature can help replant our oceans and give new life to dying ecosystems. 
  • Expanding the capacity of the Institute of Public and Environmental Affairs and Blue Map App to scale its data, research, and reporting capabilities. 
  • Convening at least ten North American and European cities in partnership with C40 and NRDC to accelerate efforts to address food waste and food insecurity by sharing best practices from and helping to scale the City of Milan’s Local Food Waste Hub initiative, which currently provides about 260,000 meals to those most in need, to other cities.

Beyond the new investment from Bloomberg Philanthropies, the inaugural Winners and Finalists networked with more than 200 global business, tech, environmental and investment leaders – including executives from Morgan Stanley, Salesforce, Mastercard, and Goldman Sachs, as well as a global network of climate philanthropists – and discussed the strategies and resources required to scale their solutions at speed. In bespoke pitch events aimed to unlock additional investments, they also presented their solutions to venture capital firms and investors with more than $70 billion in assets, including 2150, Coatue, Kleiner Perkins, Lowercarbon Capital, Ramez Naam, Reign Ventures, Third Sphere and Union Square Ventures. Going forward, the Winners and Finalists will have access to BloombergNEF, a strategic research provider covering global commodity markets and disruptive technologies driving the transition to a low-carbon economy.

In a conversation with Antha Williams, who leads Environment Programs, Bloomberg Philanthropies, Vidyut Mohan, Co-Founder and CEO, Takachar, The Earthshot Prize Winner said, “The Earthshot Prize really helped capitalize a lot of key partnerships and collaborations over the past few months. We have been speaking to a lot of state governments within India and also here in the US, and in Canada. In the Pacific Northwest, where we’re working with Indigenous communities there to set up our equipment and process forestry residues that lead to forest fires and also create local jobs there. So it is like two connections within the government and catalyzing developments of our equipment there and also partnerships with various corporations who can play their own role in taking or being an offtake buyer of the output from the machine.”

Actor Matt Damon said, “I’ve seen firsthand the potential that a breakthrough idea can hold. And if we start seeing more of these transformative solutions across all the challenges facing our planet, and suddenly our Earth shot won’t seem so improbable.”

Just as President John F. Kennedy’s Moonshot united millions of people around the goal of reaching the moon, The Earthshot Prize aims to catalyze a new wave of sustainable innovation and champion the eco-innovators in making the seemingly impossible, possible in this decade. Fittingly, Boston will host the second annual awards, and today’s event kicked off the official countdown to the 2022 Earthshot Prize awards in Boston in early December 2022.

“My family and I are so excited that the Prince of Wales will honor this year’s Earthshot Prize winners – in partnership with the John F. Kennedy Library – in Boston, a city that is committed to scientific excellence, environmental justice, and the fight against climate change,” said The Honorable Caroline Kennedy, U.S. Ambassador to Australia. 

“This is the Earthshot decade,” said Hannah Jones, The Earthshot Prize CEO. “We are in a race to repair and regenerate the planet. Some will focus on policy. Some will focus on activism. We are focused on supporting the game-changers, the innovators, the entrepreneurs and the problem solvers.”

Additional speakers and special guests included Kate Brandt, Chief Sustainability Officer, Google; Christiana Figueres, Chair of The Earthshot Prize and Former Executive Secretary of the UN Framework Convention on Climate Change; Alyssa Gaines, 2022 National Youth Poet Laureate; Joy Harjo, 23rd Poet Laureate of the United States; Patricia E. Harris, CEO, Bloomberg Philanthropies; Hindou Oumarou Ibrahim, Member of The Earthshot Prize Council; Tokunboh Ishmael, Founding Trustee, Co-Founder, and Managing Director of Alitheia Capital; Hannah Jones, The Earthshot Prize CEO; Fred Krupp, President, Environmental Defense Fund; Mindy Lubber, CEO and President, Ceres; Ambassador Cindy McCain, US Ambassador, United Nations Agencies for Food and Agriculture; Gayle Smith, CEO, One Campaign; Sam Waterston, Actor and Activist, Chairman of Oceana’s Board; Rev. Lennox Yearwood, CEO and President, Hip Hop Caucus; and Fanta Ballo, Marco Chin, Aryaana Khan and Jennifer Martinez, Urban Word NYC Youth Poets.

The inaugural Finalists and Winners of The Earthshot Prize that joined the program included, Clara Rowe, CEO, Restor; David Auerbach, Co-Founder, Sanergy; Dr. Enric Sala, Founder, Pristine Seas and National Geographic Explorer in Residence; Olugbenga Olubanjo, Founder & CEO, Reeddi; Samuel Teicher and Gator Halpern, Co-Founders, Coral Vita; Dr. Sebastian Groh, Founder and CEO, SOLshare; Vaitea Cowan, Co-Founder, Enapter; Vidyut Mohan, Co-Founder & CEO, Takachar; and Yosuke Maeda and Ryo Yamada, Co-Founders, WOTA.

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About Earthshot
Founded by Prince William and The Royal Foundation in 2020, The Earthshot Prize is a global environmental prize to discover, accelerate, and scale ground-breaking solutions to repair and regenerate the planet. The Earthshot Prize aims to catalyze an Earthshot challenge to urgently encourage and scale innovative solutions that can help put the world firmly on a trajectory towards a stable climate, where communities, oceans, and biodiversity thrive in harmony by 2030. The five Earthshot challenges are: Protect and Restore Nature; Clean our Air; Revive our Oceans; Build a Waste-free World; and Fix our Climate. 

More than a Prize, it works in partnership with a Global Alliance of Partners to support the scaling of the solutions discovered and selected each year. The Earthshot Prize Global Alliance is an unprecedented network of organizations worldwide which share the ambition of the Prize. The Global Alliance Founding Partners are a group of leading global organizations and philanthropists which act as strategic funding partners to the Prize, including Aga Khan Development Network, Bezos Earth Fund, Bloomberg Philanthropies, Breakthrough Energy Foundation, Coleman Family Ventures, DP World in partnership with Dubai EXPO 2020, Eleven Eleven Foundation, Holch Povlsen Foundation, Jack Ma Foundation, Legado Para A Juventude, Marc and Lynne Benioff, Paul G. Allen Family Foundation, and Rob & Melani Walton Foundation.

About Bloomberg Philanthropies
Bloomberg Philanthropies invests in 941 cities and 173 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on five key areas for creating lasting change: the Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a pro bono consultancy that works in cities around the world. In 2021, Bloomberg Philanthropies distributed $1.66 billion. For more information, please visit bloomberg.org or follow us on Facebook, Instagram, YouTube, Twitter, and LinkedIn.

Source: bloomberg.org

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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