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Prince William's Earthshot Prize Initiative Will 'Show People Across The World Why There Is Reason To Be Hopeful'

Prince William's Earthshot Prize initiative will 'show people across the world there is reason to be hopeful.'

For years, Prince William has been vocal about climate change and saving the planet, and now the royal is putting his money where his mouth is.

On Sunday, October 17, William hosted the first Earthshot Prize Awards ceremony, which honored five projects that are going to make an impact on the world.

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"The urgency of the situation can't be overstated," he told PEOPLE. "But through the Earthshot Prize, I want to show people across the world why there is reason to be hopeful."

William also wants to pass along his message to others — near and far. "This is just the start," he said. "I'm thrilled that in 2022, The Earthshot Prize will be heading to the United States, where we will continue to spread this vital message of urgency, optimism and action."

During the lavish affair, William also made the same announcement.

"I hope you agree that London and the U.K. has put on quite a show for our first year," he said. "So, for the second year, we need to pass the baton to a country whose leadership is essential for all five of our Earthshots. Where better than the nation that inspired the Moonshot all those years ago. I'm delighted to announce that the Earthshot Prize will be heading to the United States of America in 2022."

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He continued, "For too long, we haven't done enough to protect the planet for your future. The Earthshot is for you. In the next ten years we are going to act, we are going to find the solutions to repair our planet. Please keep learning, keep demanding change, and don't give up hope. We will rise to these challenges."

Prior to the ceremony, Prince Charles gushed over his son's recent venture.

"I am very proud of my son, William, for his growing commitment to the environment and the bold ambition of The Earthshot Prize," the 72-year-old stated. "As a world, we need to come together to inspire, reimagine and build the sustainable future we so desperately need."

"Over the coming decade, with future generations in mind, The Earthshot Prize, and its inspirational nominees, will help us find the innovative solutions. In parallel, through my Terra Carta and Sustainable Markets Initiative, we will work to mobilize the trillions of dollars required to transition the global economy onto a more sustainable trajectory. Together, with all those who join us, we have a real opportunity to deliver a brighter future for humanity while restoring harmony between Nature, People and Planet," he added.