TAPPING INTO SOCIALLY RESPONSIBLE CORPORATE AIR TRAVEL

This Brochure gives an overview of a project started by Oxford Climate Policy in May 2016, to design and, funding permitting, operationalise the ‘Oxford Crowdfunding for Adaptation’ (OCAD) initiative for corporate air-travel related donations to the Adaptation Fund.

The idea of levying a small charge on air travel to support adaptation efforts in developing countries has been around for over a decade, but it failed to take off as an international instrument. In December 2012, the Adaptation Fund (AF) introduced a ‘Donate’ link on its website, implemented in partnership with the UN Foundation, to receive crowdfunding donations. Following some preliminary research , the OCAD initiative was targeted at corporate air travel, in particular on companies that have, or may be willing to include, climate change as part of their Corporate Social Responsibility (CSR) portfolio, such as companies that offset the emissions caused by their corporate travel.

The initiative is to encourage these target corporates to donate 1 percent of their air travel costs to the Adaptation Fund directly through its existing individual donation facility. It is estimated that a participation of 1 percent of global corporate air travel would yield USD 100 million annually.