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POLICY REVIEW

Purandare (2023) Decoding Sustainability, New Delhi United Nations (2016)
Dizitization of Urban UNESCO (2015), Levels of Sustainable Development
Governance in India, Centre Sustainable Development, Goals, UNGO, New York
for Policy Research, New UNESCO, Paris
Delhi Verma, Seema, (2022)Towards
UN Habitat (2021) Blockchain Data Science, TERI, New
UNESCO & MGIEP (2017) for Urban Development, UN Delhi
Textbook for Sustainable Habitat, Nairobi
Development, A Guide to http://thewhiteriveralliance.
Embedding, UNESCO and UN Habitat and NIVA (2022) org/eaglecreek//involved/
Mahatma Gandhi Institute Leaving No One Behind, UN images/bioswale%20
of Education, Peace and Habitat, Nairobi enlargement.jpg

Public-Private-Philanthropic Partnerships (PPPP) are central to
Asia-Pacific’s climate action

Globally, the United Nations has issued a call to urgently unlock and redirect trillions of
dollars in financing to address the imperative for climate-resilient development. The first
Global Stocktake (GST) at COP28 estimated that $5.9 trillion in climate financing is needed by
2050. Given the magnitude of this funding requirement, it must be sourced from a variety of
channels, with philanthropy being one of them.

Climate change presents a global, multifaceted challenge that requires collective action.
Individual efforts are insufficient to tackle the immense and diverse challenges posed by climate
change. Hence, the concept of Public-Private-Philanthropic Partnerships (PPPPs) has emerged.
PPPPs, characterized by their multi-stakeholder nature and comprehensive approach, can help
address some of the deficiencies in current efforts by fostering broader capacity, knowledge
sharing, and the development of best practices and cultivate a ‘green talent pipeline.’ PPPPs
are built on collective action and typically engage local voices and NGOs, which brings much-
needed on-the-ground knowledge and viewpoints to a project, ensuring that the initiative
meets specific local needs. This also helps to develop the capacity of the at-risk communities,
providing them with skills, tools, and knowledge to pursue the systemic changes that are often
at the heart of the solution.

At the 2024 World Economic Forum Annual Meeting, the Philanthropy Asia Alliance (PAA)
convened the ‘Partnering with the Impact Generation to Scale Climate Action in Asia’ session
and collaborate with Giving to Amplify Earth Action (GAEA) initiative to institute the GAEA
Davos Awards. These awards aim to recognize successful PPPPs driving systemic change in
the climate and nature sectors.

April, 2024, Volume 25. No.1 - SHELTER 33