The Rockefeller Foundation has unveiled the first tranche of grants under a $1 billion climate investment strategy, described as the “first of its kind” in the foundation’s 110-year history.
The 25 new grants focus on addressing the global impacts of climate change and show how the foundation is “reimagining” its longstanding model of scientific philanthropy for “the climate era,” The Rockefeller Foundation President Rajiv Shah said Wednesday.
In this first phase, the foundation is giving more than $11 million to support the development of climate solutions in low- and middle-income countries in Africa and Asia. The funding will support work in a range of areas such as global food and health security, regenerative agriculture, climate finance, and indigenous rights.