UAE’s DP World commits $1 million to Prince William foundation’s Earthshot Prize finalists

UAE’s DP World commits $1 million to Prince William foundation’s Earthshot Prize finalists

DUBAI, United Arab Emirates — Global port operator DP World announced a $1 million grant for two of the finalists for the Royal Foundation's Earthshot Prize, launched by the U.K.'s Prince William, which is awarded for outstanding environmental innovations. The announcement, made at Dubai Expo on Thursday, highlights the push in efforts toward sustainability as tackling climate change and environmental degradation become higher priorities for many governments and companies. "This is the decisive decade," William said at the Expo site during an event celebrating some of the contest's finalists. "If we do nothing, by 2030 we'll be speeding toward increasingly devastating planetary and humanitarian crises as a result of our changing climate. We are still in a race against time." The five winners of the Earthshot Prize, selected last year, each won £1 million ($1.36 million) from the Royal Foundation in grant money to scale and deploy their ideas. One winner was selected for each of the five award categories: nature restoration, clean air, ocean revival, waste reduction and combatting climate change. During the event this week, five of the top 15 finalists for the Earthshot Prize pitched their ideas on a stage to an audience of investors, philanthropists, CEOs,