Administration

The ClimateCAP Fellowship is managed by the ClimateCAP program team at Duke University’s Fuqua School of Business and funded thanks to support from The Hearst Foundations.

Applications

Applications must be submitted via the ClimateCAP Fellowship application link online. Only one application may be submitted per student.  Students may only include one Project Proposal in their application.

Award

Fellows will receive an award for selection into the 2026 program, payable in one installment at the beginning of the fellowship term. Fellowship prize is considered taxable income.  

Travel

Fellows are expected to purchase a ticket for and travel to the ClimateCAP Summit, held April 17 & 18, 2026 at MIT Sloan in Cambridge, MA.

ClimateCAP MBA Fellowship Award Policy

 The ClimateCAP Initiative (“ClimateCAP”) confers a monetary award each year to students selected for participation in the ClimateCAP MBA Fellowship (“Fellowship”). ClimateCAP welcomes applications from both domestic (U.S.) and international students and values the diverse perspectives and expertise each Fellow contributes to the cohort.

 Due to ongoing and evolving regulatory developments at the U.S. federal level and within academic institutions, ClimateCAP cannot guarantee that international students will be eligible to receive direct payment of award funds. In the event that applicable federal, state, or institutional policies prohibit the disbursement of prize money to any Fellow, ClimateCAP shall instead reimburse such Fellow for all approved Summit-related travel and expenses, as well as any authorized project-related costs, up to an amount equal to the value of the award. Fellows are advised to consider this potential limitation when deciding whether to participate in the Fellowship.

 In addition to the award, Fellows receive numerous other benefits.  Our community is richer because of you, and we hope you will consider joining the ClimateCAP MBA Fellowship despite this uncertainty.

Course Credit

ClimateCAP is not able to grant academic credit for the Fellowship program.  We encourage you to talk with your university based on the scope of your project to determine if that is an option for you.

Misconduct

ClimateCAP reserves the right to terminate a Fellow’s appointment and stipend payment immediately for violation of the terms of the appointment or misconduct. 

Terms

Fellows are required to remain in good academic standing during the course of their fellowship, abide by fellowship guidelines, and conduct themselves as representatives of the ClimateCAP Fellowship.

Withdrawal

If a Fellow drops out of their academic program or the ClimateCAP Fellowship before the fellowship has ended, the Fellow may be liable for full or partial restitution of the award.