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Rockefeller Foundation Commits $1 Billion for Inclusive Green Recovery

Rockefeller Foundation Commits $1 Billion for Inclusive Green Recovery

Tuesday, October 27, 2020

The Rockefeller Foundation has announced a commitment of $1 billion over three years to help catalyze a more inclusive green recovery from the COVID-19 pandemic.

The single largest commitment in the foundation's 107-year history will focus on two key areas: catalyzing private and concessional investments in efforts to scale distributed renewable energy in developing countries; and ensuring more equitable access to COVID-19 data, tests and vaccines, and science-based tools, while also strengthening public health systems to prevent future outbreaks. According to the foundation, half the world's population lacked access to essential health services pre-COVID and more than eight hundred million people lacked access to electricity; another hundred million have lost access to power during the pandemic.

With the aim of providing communities most directly impacted by climate change with the reliable, clean electricity needed to boost irrigation, crop yields, and the productivity of local farms, the foundation will work with global investors, international organizations, and governments to drive public-private investment in infrastructure that accelerates the adoption of renewable energy across Africa, Asia, and Latin America.