New effort, based in San Francisco, will be one of world’s largest philanthropic programs devoted to climate change
California’s top environmental official is resigning to work with Laurene Powell Jobs, former Apple co-founder Steve Jobs’ widow, on a project to donate $3.5 billion over the next 10 years to help communities in the United States and other countries who are most hard-hit by climate change.
The Waverley Foundation will be chaired by Lisa Jackson, former chief of the Environmental Protection Agency under President Obama who also works as Apple’s vice president of environment, policy and social initiatives.“Laurene is one of the most thoughtful, compassionate and strategic folks in philanthropy,” Blumenfeld said. “She’s really inspiring. Between Lisa, Laurene and myself it seems like a real opportunity.
“Most of these foundations spend the interest,” Blumenfeld said. “The goal here is to spend it down to zero in 10 years. That coincides with humanity’s window to get this right and have a habitable planet. It’s an opportunity I take incredibly seriously.” “The average PG&E bill in West Fresno is $900 a month,” he said. “The majority of that is for air conditioning. If we can help people put in a heat pump, which brings energy bills down to $300 a month and reduces greenhouse emissions, we are really doing something.”
Through the Paris Climate Treaty in 2015, nearly every nation in the world set voluntary targets to boost renewable energy and take other steps to reduce greenhouse gas emissions with the goal of limiting warming to 1.5 degrees Celsius, or about 2.7 degrees Fahrenheit, above pre-industrial levels.
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