The Founders Pledge climate fund’s stated objective is to “sustainably reach net-zero emissions globally”.
A great example of an insidious correlation of this fund: what about funding work which helps people adapt to climate change, instead of mitigating it?
For example, can we invent cheap air conditioning units which anyone in the world can afford to buy, to keep humans and crops cool as they migrate away from current coastal areas?
EDIT: let me try to be more clear, since this answer was downvoted twice—upon seeing the fund, I asked myself, “what belief seems to be shared by all of these investments”? That then lead me to the above thought. This is a much better intuition pump than “what should this fund be uncertain about”? I think that’s the difference between uncertainty and insidious correlation, and I think you’re interpreting insidious correlation as another name for uncertainty.
Very interesting—what has FEM’s cost effectiveness looked like so far, and how does FEM see that evolving over time?