#climate-funding

#climate-funding

The billionaire and author MacKenzie Scott revealed $7.1 billion in donations to nonprofits Tuesday, bringing her overall giving since 2019 to $26.3 billion. Scott first pledged to give away the majority of her wealth in 2019 after her divorce from Amazon founder Jeff Bezos. Since, she's distributed large, unrestricted gifts to nonprofits without asking for applications or progress reports. Largely, her giving has focused in the U.S., though not exclusively.

Swiss voters on Sunday decisively rejected a call to require women to do national service in the military, civil protection teams or other forms, as men must do already. In a referendum, over 84% of voters rejected the "citizen service initiative" and none of the country's 26 cantons, or states, came anywhere near voting in favor. Proposals need a majority of both voters and cantons to pass.

The cap-and-invest program, authorized by landmark legislation (Assembly Bill 32) in 2006, sets a declining cap on greenhouse gas emissions from the state's largest polluters. Companies with large amounts of emissions must buy allowances through a carbon market, creating a financial incentive to pollute less and invest in cleaner technologies. The system works: it's driven emissions reductions, generated revenue and made California a model for climate action.