A global challenge fund will award up to AU$75,000 (£42,830) in funding for “innovative and scalable solutions to the climate crisis with a focus on measuring the value of nature”.
For the past 20 years, Palladium has committed 1.5 per cent of its profit before tax to funding humanitarian relief efforts, supporting community projects, and running an annual Challenge, through which Palladium solicits and funds ideas to tackle major global issues.
The Palladium Challenge Fund brings in ideas from its network in over 90 countries to source innovative responses to global challenges.
Palladium is looking for proposals that answer the question “How do you ensure that nature-based solutions are benefitting people and the planet?”
Entries are encouraged from organisations and entrepreneurs whose solutions can address the management, monitoring and valuation of nature-based solutions.
Palladium’s Climate and Environmental Finance, and Nature-Based Solutions teams will be looking for ideas that:
o Pilot new technologies and / or innovative approaches to valuing nature.
o Provide tools for measuring the effectiveness of nature-based solutions, and
o Create frameworks for businesses to measure their environmental footprint and match them to potential solutions.
The funds will be administered to grant winners by Kyeema Foundation, with whom Palladium has partnered since 2003. Winning projects will benefit both from Kyeema’s established track record as a trusted NGO and Palladium’s global footprint and resources.
Applications are open until Sunday 31 July 2022.
Details about the winners of the 2021 Challenge Fund can be accessed at this LINK.
Image: 2021 Challenge Fund winners, Oyster Heaven, based in Rotterdam, Holland. Oyster Heaven asserts that overfishing and disease have killed about 85 percent of oysters reefs globally and upwards of 95 percent of those located in the North Sea. The team plans to utilise the Challenge Fund award to develop and test a key innovative technology, biofilm, which will resolve a significant bottleneck in oyster reef regeneration.
Source: UK Fundraising.