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Fortune
Fortune
Angelica Ang

As the U.S. and Europe pull back from global climate aid, can Asian funders fill the gap?

(Credit: TREVOR WILLIAMS VIA GETTY IMAGES)

Shaun Seow, who heads the Philanthropy Asia Alliance (PAA), has a theory on why the new generation of Asian philanthropists is more interested in fighting climate change.

“A lot of next-generation leaders are recreational divers; they look at coral bleaching and think, this isn’t right,” says Seow, whose organization is backed by Singapore’s Temasek Trust, on the sidelines of the Philanthropy Asia Summit.

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