Foundations Call for Cooperation, Some New Pledges at Cop27

Foundation: Gates Foundation, Rockefeller Foundation, Bloomberg Philanthropies

There's a lot of finger-pointing to be done before a global agreement on climate change is reached at the end of this week, but one person who's not happy about the lack of progress is Bill Gates.

"A lot of these health and climate solutions are going to have to be very frugal because even though I'm the biggest proponent and meeting with rich people and politicians all the time that they should do even more' we're not going to see some gigantic uptick in those amounts," Gates told students at the University of Nairobi on Thursday, per the New York Times.

"Really innovation and spending what aid resources there are, also increasing domestic resources, will be very necessary."

The Bill and Melinda Gates Foundation last week announced $1.4 billion in support for agricultural projects in Africa and South Asia to help small farmers adapt to climate change.

Meanwhile, a group of foundations, including Bloomberg Philanthropies and the Sequoia Climate Foundation, has pledged $500 million to support an equitable energy transition in low- and middle-income countries, though each organization will decide where to grant its portion of the funds, the Times reports.

Meanwhile, more than $2 billion has been pledged by philanthropic foundations to support climate adaptation projects, though the amount of charitable funding directed toward climate

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