Opening the discussion, Andy Serwer, Editor-in-Chief of Verizon Media/Yahoo Finance, asked how The Rockefeller Foundation is addressing climate change and sustainability. Climate change is an existential threat, noted Dr. Rajiv J. Shah, President of The Rockefeller Foundation. The Foundation was founded to uplift the human spirit so they are continuing to invest in the underserved, specifically by helping emerging economies transition to renewable electrification. Dr. Shah explained that consistent, sustainable, renewable electrification can help lift billions of people into the modern economy, creating jobs and transforming lives.
Emerging economies are facing a variety of challenges. They are more vulnerable to the climate crisis, 60% of them are on the verge of a debt crisis, and more than 100 million people have moved back into food insecurity thanks to Russia’s war in Ukraine. These challenges, Dr. Shah explained, are unlikely to be solved by governments alone. Organizations like The Rockefeller Foundation are crucial sources of society’s risk capital to help solve these large problems with no clear or easy solutions.
“I’m wondering how important climate change and sustainability is for Rockefeller?”
Andy Serwer, Editor-in-Chief, Verizon Media/Yahoo Finance
“The Rockefeller Foundation aims to uplift the human condition.”
Dr. Rajiv J. Shah, President, The Rockefeller Foundation