The Rockefeller Foundation has given a $1 million grant to a nonprofit called Elemental Excelerator that will be used to help small businesses find ways to reduce their carbon emissions, the San Francisco Chronicle reports.
According to a press release, the goal of the grant is to "fill both the financing and knowledge gap for entrepreneurs bringing critical decarbonization technologies from demonstration to commercial scale in frontline communities in the US."
“This series of projects not only address climate challenges across different systems and sectors' energy, transportation, buildings, waterthey also represent the sorts of bold thinking and action required to help everyone in the United States participate in climate transformations needed to avert catastrophe," says Dr. Rajiv J.
Shah, president of the Rockefeller Foundation.
The Elemental grant will be used to fund projects in California, New York, and Washington, DC, that reduce carbon emissions and create jobs in low-wealth, rural, and energy transition communities.
“We are deeply impressed with the Elemental platform and the commitment to driving both climate impact and community impact through the deployment and scale of new climate solutions,” says Maria Kozloski, senior VP of Innovative Finance at the Rockefeller Foundation.
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