Edenhofer is also the chief economist of the Potsdam Institute for Climate Impact Research which founded the institute together with Stiftung Mercator who granted a core budget of 17 million Euro for eight years. Edenhofer thanked Stiftung Mercator and especially its president Bernhard Lorentz “for the unique opportunity” that their most generous support provides for exploring options to manage global commons such as the atmosphere, currently used for free as a disposal space for greenhouse gases, or oceans and forests.
„Stiftung Mercator is happy and proud to celebrate the opening of the Mercator Institute on Global Commons and Climate Change at its new premises in Berlin,” said Lorentz. “The MCC is our biggest single investment within our portfolio dedicated to the prevention of dangerous climate change and an outstanding example for what foundations can do to advance climate science and policy.”