Philanthropy can play a vital role in financing for climate and nature action.

Correction: A previous version of this article incorrectly identified the scope of work covered by Philanthropy Asia Alliance.

• Business leaders at Davos discussed how philanthropy can help accelerate and scale up action on climate and nature.

• In the Philanthropy: A Catalyst for Protecting Our Planet session, panellists outlined the importance of philanthropic capital.

• Here's a round-up of how public, private and philanthropic partnerships can help us reach net zero and reverse nature loss.

“When you stop and think about it, it is pretty extraordinary that we – a select group of human beings, because of whatever touched us at some point in our lives – are able to sit in a room and come together and talk about saving the planet."

So said John F Kerry, US Special Presidential Envoy for Climate on day two of Davos 2023 as he opened a session discussing the importance of philanthropy and how it can act as a catalyst for protecting our planet.

The session launched the Giving to Amplify Earth Action (GAEA) initiative, the World Economic Forum’s global initiative to fund and grow new and existing public, private and philanthropic partnerships (PPPPs) to help unlock the $3 trillion of financing needed each year to reach net zero, reverse nature loss and restore biodiversity by 2050.