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

Wright State Celebrates Educators, Innovative Practices At Learn Local Conference

The annual Learn Local Conference drew 217 educators and preservice teachers from 42 school districts to Wright State.Fairborn City School District was honored for addressing chronic...more

Eyes in the Sky: How Earth Observation Is Revolutionizing Climate Action

As climate change accelerates and global regulations tighten, EO technology is transforming how we monitor and respond to environmental challenges.The EO market has a projected economic value of over...more

Digging Into Soil Conservation

Queensland Chief Scientist Professor Kerrie Wilson said the program would help build Queensland's capability in this important science sector.The program will accelerate the training and development...more

State Grant Supports Downtown Colorado Springs Creative District Businesses Facing Displacement

Public Patronage: State grant supports downtown Colorado Springs Creative District businesses.Grant funding can be used to upgrade or purchase new equipment, increase efficiency, improve property and...more

Climate Tech Startup With Celebrity and Billionaire Backers Files For Bankruptcy

Climate Tech Startup With Celebrity And Billionaire Backers Files For Bankruptcy.The company, which grew out of fintech Aspiration, owes $30 million to billionaire Steve Ballmer's...more

Ai Is Transforming Climate Change Prediction and Mitigation

How AI Is Transforming Climate Change Prediction And Mitigation.Issues of fairness, responsibility and inclusive design must be part of the climate AI conversation, says Jess Reia, assistant...more

Agrospheres, An I.Lab Incubator Startup, Recognized Among Top Greentech Companies ...

AgroSpheres, a Charlottesville-based agricultural biotechnology company, has earned a spot on both the World's Top GreenTech Companies 2025 and America's top GreenTech companies 2025 lists.TIME and...more

Diu, Aukus Innovation Counterparts, Launch Second Trilateral Maritime Solution Challenge

The Pentagon's innovation arm is once again partnering with its counterparts from Australia and the United Kingdom.The goal is to seek solutions for accelerated scaling that would enable operational...more

Ameresco Celebrates Double Win For Innovative Projects in 2025 Environment+Energy ...

':"";if(r){var a=t.showYahooLogo?"":"yns-no-logo";r=r.replace("{notifOnboardBtnLabel}",t.promos.notifBtn),a.replace('{subscriptionTopic}',a).replace ("{noLogoClass}", a).replace "{promoLogo}",...more

Addressing the Challenges of A Society in Transition: The Cnrs At Vivatech!

The CNRS is returning for the sixth time to the VivaTechnology trade fair.Its stand will be a space for dialogue between basic research and the business world.Three thematic days will be dedicated to...more