As the U.S. and Europe reduce their climate aid, Asian philanthropists are stepping up to fill the void. Shaun Seow, head of the Philanthropy Asia Alliance (PAA), notes that many young Asian leaders, influenced by their experiences with climate change, are now prioritizing environmental issues. Despite Asia being severely impacted by climate change—warming at twice the global average—only 12% of global climate funding reaches the region. This funding shortfall is exacerbated by significant cuts in international aid from Western nations. The PAA and organizations like the Tara Climate Foundation are increasingly mobilizing resources to address this challenge, with a 2026 report indicating that nearly half of surveyed Asian funders are investing in climate adaptation. However, current funding levels fall drastically short of the estimated $200 billion needed annually for climate resilience in Asia. To tackle this, innovative funding models such as blended finance are being explored. Initiatives like the Just Energy Transition Community are emerging to support clean energy projects, highlighting the necessity for a collaborative approach to climate solutions in the Global South.