If you wonder where all that cash goes then wonder no more. Just out in 2012 is Where The Green Grants Went 5 (WTGGW5). This report from the Environmental Funders Network records a big increase in the proportion of environmental philanthropy going to tackle climate change, averaging 21% of green spend over the three years to 2009/10 - up from less than 9% in 2005/06 to 2006/07.