Robust to Risk
This report gives an in-depth climate analysis examining what strategic opportunities present themselves in the current moment for philanthropists committed to reducing climate risk.
Climate Report: Robust to Risk
Read the full report here: Robust to Risk: Building a Climate Giving Portfolio for a Turbulent 2026 and Beyond
The landscape of climate action has changed rapidly. To put it simply: Sh*t has hit the fan.
In Robust to Risk, we explore how we’re thinking about climate philanthropy in 2026 and beyond, during the most challenging moment for explicit climate policy in at least a decade.
Read this report if you want to:
- Understand how to navigate this uniquely challenging moment. We discuss strategies that protect against very real political risks, while simultaneously leveraging emerging opportunities and adapting to a changed world.
- Evaluate what actually happened in climate action—and how things went wrong. We trace the arc from unprecedented momentum (2018-2022) through emerging cracks (2022-2024) to today's reckoning (2025), examining not just the US but global patterns of climate backlash.
- See how effective climate philanthropy actually works in practice. We connect analysis to action, from defending the Loan Programs Office to building right-of-center coalitions to protecting Department of Energy capacity, to show what strategic positioning looks like on the ground.
- Identify specific, actionable opportunities that could move us toward decarbonization. We examine opportunities and risks around the world—the United States, European Union, China, OECD Asia, Emerging Asia, and Sub-Saharan Africa—and show how to construct a portfolio that hedges against correlated risks while maximizing decarbonization impact.
