Jeremy and Hannelore Grantham are donating 12 million to establish the Grantham Institute for Climate Change based at Imperial College London, it is announced today (Monday 26 February 2007).
This is the largest private funding given to climate change in the UK and will contribute to the world's response to climate change by stimulating a research drive to develop mitigation techniques, and by impacting directly on public and private policy.
The donation will create 10 new research posts and provide a dedicated space for the Institute on campus, providing a focus for the scientists already working in this field at Imperial College.
The philanthropic donation is made by the Grantham Foundation for the Protection of the Environment, established by the Granthams in 1997. The Foundation already supports a number of international and American environmental charities, including The Nature Conservancy, World Wildlife Fund, Oxfam and Environmental Defense.
The donation marks the beginning of a long-term commitment to climate change research, say the Granthams. They hope their donation will motivate others in the financial and business community to support research into the causes, consequences and mitigation of climate change.
Mr Grantham explained his decision to fund the Institute for Climate Change, saying: "Climate change is the most important issue we face over the next fifty years. It is imperative we find technologies that can be implemented in government policies worldwide. I am confident that the Institute for Climate Change will be an idea leader and a strong voice in championing that endeavor.
"Imperial is one of the most respected institutions in the world for scientific study. It not only has world-class facilities and brilliant people but also an unmatched reputation for innovation. It is a great privilege for my wife and me to be associated with such a wonderful and dedicated organization."
Contact: Danielle Reeves
Imperial College London