Innovative Finance

credit: pasadenanow

The UN has set a goal of securing $10 billion in "transformative financial solutions" by 2030and the Rockefeller Foundation is going to do its part.

The New York Times reports on the group's new Zero Gap Fund, which aims to close a $3.5 trillion funding gap in the areas of health, food security, energy access, and equity around the world by 2030.

The fund, which was launched in 2016 and has so far raised more than $7 billion, will invest in projects in Africa, Asia, and Latin America that have the potential to meet the UN's Sustainable Development Goals, which include reducing greenhouse gas emissions and promoting inclusive global growth.

"To meet our mission today, we must directly confront climate change," the Times quotes a statement from the foundation as saying.

The Zero Gap Fund was created by the foundation's billionaire founder, David Rockefeller, who wanted to create a fund that would help bridge the funding gap in areas like health and food security, as well as address the lack of private capital in some of the world's most vulnerable countries.

The Times notes that the fund's first investment, in South Africa, focused on fighting HIV/AIDS.

Read the Entire Article

How's Your Community Doing?
Check Out it's
Community Vital Signs

Food Innovation For A Healthy and Sustainable Future

The speakers will examine the technologies enhancing product development to create delicious and nutritious products that improve health.Future Food-Tech is a key discovery platform to meet exciting...more

Breaking: Fmc Corporation Shutters Its Agtech Vc Arm Fmc Ventures

FMC Corporation launched its venture arm in 2020.The venture arm backed the likes of Traive, Agrospheres, Niqo Robotics, Micropep Technologies, Guardian Agriculture, and Trace Genomics.In November...more

Chicago Launches App to Assist Residents With Recycling

The app has been made available at no cost to the city via a partnership with the Illinois Environmental Protection Agency.The city hopes the app will lead to a decrease in contamination at material...more

Patient-Centered Innovation: Can Europe Lead the Way?

We can't make true progress on unmet needs unless we understand from the patients themselves what they need or what they think is missing from their treatment options.Europe has sadly seen a...more

Army, Industry Spur Innovation on Network and Command and Control

The Army's Unified Network (UN) effort merges the Army's persistent, or fixed, enterprise network with the episodic, or mobile, tactical network.The C2 Cross-Functional Team (CFT) and the Army...more

Doing Our Bit For the Circular Economy

By minimising waste, maximising resource use, and promoting sustainability, these initiatives showcase how collective action can create a meaningful impact.In Val-de-Marne, France, Ecofashion 94...more

Conecuh Sausage Co. Expanding Production With $400000 Government Grant

Kay Ivey announced the Community Development Block Grant that will be administered by the Alabama Department of Economic and Community Affairs.The federal money will be used to provide sewer services...more

Impact Investment Wholesalers and Fund of Funds

An impact investment wholesaler is an investment vehicle that invests in intermediaries, attracts new capital, and develops the impact investing market.What are the benefits of impact...more

Global Warming: The Wold Now Passed the 1.5 Degrees Limit

The 2024 global average temperature will have exceeded the 1850-1900 average by more than 1.5 degrees Celsius.Data from the Copernicus Climate Change Service (C3S), the European Union's climate...more

Social Stock Exchange-Catalyst For Societal Development

Social Stock Exchange-catalyst For Societal Development.43 entities on the Bombay Stock Exchange SSE platform and 59 entities in the National Stock Exchange sSE platform as of date.Annual Impact...more