CLIMATE CHANGE FUND
Impact Overview
March – June 2026
Over four months, the Climate Change Fund Portfolio delivered a concentrated burst of research policy wins, and field-building milestones. From a first-of-its-kind geothermal roadmap for India and a royal audience on methane at St James’ Palace, to a decade of alternative protein research crossing $24 million in cumulative grants.
NONPROFITS
WHAT MOVED
Themes Across The Portfolio
Six threads tie the quarter’s work together. Expand any theme for the detail behind it.
Geothermal Energy Deployment & Policy
Project InnerSpace and CATF drove geothermal from niche to mainstream — through CERAWeek activations, state ecosystem reports, the India roadmap, bipartisan U.S. Senate legislation, and the Dubrovnik Geothermal Declaration. This was the most dynamic theme of the period.
Alternative Protein Research & Field-Building
GFI anchored this theme through its 10-year anniversary reflection, 2026 State of the Industry reports, Research Grant Program milestones, and new grant programs for early-stage researchers in the U.S. and Canada.
Cumulative metrics, $24M awarded, 129 projects, $75M in follow-on funding ,mark a maturing field.
Methane Regulations & Fossil Fuel Accountability
CATF’s methane work spanned field inspections in southern France (finding two-thirds of sites emitting), coalition letters defending EU methane rules, a royal audience at St James’s Palace, and expansion of its Fossil Fuel Regulatory Programme to Egypt, Brazil, and Bosnia and Herzegovina.
Industrial Decarbonization & Carbon Capture Policy
CATF advanced CCS and industrial decarbonization through its Article 23 Watch program, the RISE PA awards ($267M across 31 Pennsylvania projects), and engagement with EU co-legislators on the Industrial Accelerator Act. Consistent activity across the full period.
Nuclear & Advanced Clean Energy Scaling
CATF’s Nuclear Scaling Initiative introduced a Reactor Selection Tool comparing 35 reactor designs, and co-convened a Superhot Rock Geothermal Summit with the Bezos Earth Fund. New modeling showed California could save up to $44 billion annually by 2045 through next-generation geothermal investment.
International Climate Policy & Fellowship Programs
CATF’s Central and Eastern European Fellows program launched its 2026 cohort of 14 fellows from 10 countries, while the Dubrovnik Geothermal Declaration and an Africa utility roundtable extended the portfolio’s global reach. GFI’s MOU with the Climate Bonds Initiative added a sustainable finance dimension.
THE RECORD
Key Milestones
In reverse chronological order, from June to March.
MONTH BY MONTH
Monthly Snapshots
Expand each month for its highlights.
June 2026
At A Glance: GFI and CATF advanced their missions through a dense mix of research publication, policy advocacy, and stakeholder convening — from a super-pollutant reception with King Charles to a 28-organization letter defending EU methane rules.
🌍 CATF’s Fossil Fuel Regulatory Programme expanded to Egypt, Brazil, and Bosnia and Herzegovina, now supporting up to 20 developing-country governments.
👑 CATF experts presented methane reduction solutions to King Charles at a super-pollutant reception at St James’s Palace during London Climate Action Week.
🤝 CATF joined 27 other organizations in a coalition letter urging the European Commission to hold the line on the EU Methane Regulation.
📊GFI published its 2025 plant-based retail market overview, an open-access resource on sales, pricing, household penetration, and foodservice trends.
🔬 GFI launched the Advancing Alternative Proteins Planning Grants program, offering early-stage support to researchers in the U.S. and Canada.
💡 New CATF modeling found California could cut 2045 electricity costs by up to $44 billion per year by investing in next-generation geothermal.
May 2026
At A Glance: Project InnerSpace, CATF, and GFI advanced clean energy and food system innovation across multiple continents, from New Delhi to Dubrovnik to Accra.
📗 Project InnerSpace launched ‘The Future of Geothermal in India,’ a first-of-its-kind report with CEEW and 12+ local partners, drawing hundreds of attendees.
💰 GFI’s Research Grant Program has awarded over $24 million to 129 projects across 25 countries, generating 160+ papers and $75 million in follow-on funding.
⚡ CATF analysis found transmission financing reform in New England could cut electricity costs by up to 43%, delivering $9 billion in savings over 40 years.
🌍 CATF convened the 2026 Utility Roundtable with Ghana’s Deputy Minister of Energy and West Africa Power Pool leaders.
🤝 CATF joined stakeholders in endorsing the Dubrovnik Geothermal Declaration at the Three Seas Initiative Business Forum.
🎓 CATF launched its 2026 CEE Fellows cohort — 14 fellows from 10 countries — for an immersive climate and energy policy program.
April 2026
At A Glance: GFI, Project InnerSpace, and CATF advanced alternative protein innovation, geothermal deployment, and clean energy policy across multiple continents.
📊 GFI released its 2026 State of the Industry reports spanning cultivated, fermentation, and plant-based protein sectors, free and publicly available.
🤝 GFI, GFI Europe, and the Climate Bonds Initiative signed an MOU to accelerate sustainable finance for alternative proteins.
🏆 GFI’s Alt Protein Project launched its first Academic Research Challenge, offering student researchers seed funding and mentorship.
⚡ Project InnerSpace and XPRIZE announced a collaboration at CERAWeek targeting geothermal surface-plant supply chain breakthroughs.
💰 CATF’s RISE PA program supported $267 million in awards for 31 industrial decarbonization projects across Pennsylvania.
🏛️ Bipartisan superhot rock geothermal legislation was introduced in the U.S. Senate on April 28, a milestone CATF helped advance.
March 2026
At A Glance: GFI marked its 10-year anniversary and published new research; Project InnerSpace headlined CERAWeek; CATF advanced clean energy policy on multiple fronts.
🎂 GFI celebrated its 10-year anniversary on March 31, noting governments worldwide have invested over $2 billion in alternative protein public funding.
🌋 Project InnerSpace’s Geothermal House debuted at CERAWeek, drawing thousands of attendees across four days, including U.S. DOE leadership and startup showcases.
🏆 Project InnerSpace and XPRIZE announced a collaboration at CERAWeek to design the world’s first geothermal incentive prize.
🗺️ Project InnerSpace’s Future of Geothermal program expanded to six new states: Arizona, Alaska, Oklahoma, Louisiana, Idaho, and Oregon.
⚡ Washington State passed SB 6355, creating the Washington Electric Transmission Authority, a major clean energy grid policy win.
🔬 CATF released a study of 25 biomass carbon removal crediting protocols, finding only 28% meet basic quality benchmarks.
This impact analysis is generated by our partner Daffodil using AI to help you understand the collective effectiveness of your portfolio. If you have any questions about this report or would like to discuss these insights further, please don’t hesitate to reply back to this email.