Just as the U.S. passes its most historic climate legislation, Hurricane Ian made history as one of the most damaging hurricanes in the U.S. and apocalyptic flooding in Pakistan rendered 30 million people homeless in a matter of days. The climate crisis is advancing sooner and faster than the most aggressive models predicted and the devastating effects of delayed action are now upon us. To avoid the worst impacts of climate change there is an urgent need to cut greenhouse gas emissions and evolve to a net zero future. Additionally, and critically, we must adapt our existing infrastructure to be more resilient, and invest in nature and biodiversity at scale. 

To achieve the net zero goal alone — there is an annual funding gap of $3.8 trillion. It will take the collective power of government, private capital and philanthropy to address this gap with urgency. Impact investing and philanthropy have an essential role to play in filling the funding gaps that traditional investors and government cannot address. ImpactAssets has carefully assessed the landscape of climate opportunities and is focused on funding breakthrough innovation, equitable deployment of proven solutions at scale including clean energy transition and nature base solutions, adaptation projects for vulnerable communities, all while incorporating a climate justice lens.