Rockefeller Foundation commits $1 billion to catalyze green recovery

The Rockefeller Foundation will commit $1 billion over the next three years to catalyze a more inclusive, green recovery from the COVID-19 pandemic.

The foundation said on Monday it will focus on two key areas: catalyzing billions of dollars in private and concessional investments to scale distributed renewable energy across developing countries, and ensuring more equitable access to COVID-19 tests and vaccines, science-based tools and data to fight the pandemic while strengthening public health systems to prevent future outbreaks.

"There's no going back to the past, to before COVID. We need to re-imagine the future we want," said Rajiv J. Shah, president of the foundation. "To meet this moment, we must leverage all our resources and relationships to build an equitable, sustainable future, where everyone has the opportunity to realize their full potential and climate disaster is avoided."

He added the time to act is right now to make sure vulnerable children and families are included in the pandemic response and recovery.