The Rockefeller Foundation has announced a new Climate and Resilience initiative, which will focus on market-changing opportunities that increase climate and resilience capital flows into solutions and projects that improve the lives of the world’s most vulnerable people.
The initiative will be led by Elizabeth Yee, Managing Director, who joins the Rockefeller Foundation from 100 Resilient Cities (100RC) after serving as the organization’s Vice President of Resilience Finance.
The first commitment of this initiative is an initial $8 million to continue supporting the work of Chief Resilience Officers (CROs) and member cities within the 100RC Network. The existing 100RC organization will conclude in July, and this funding will enable a new project to continue supporting the implementation of resilience initiatives incubated through the work of 100RC.
At the conclusion of its six years of successful work, 100 Resilient Cities will have launched more than 80 Resilience Strategies, more than 4,000 actions and initiatives, and leveraged $25 billion in external funding to implement those efforts.
President of The Rockefeller Foundation, Dr. Rajiv J. Shah said, “The Rockefeller Foundation’s new Climate and Resilience initiative will help strengthen communities around the globe to be more resilient to the urgent crises facing humanity. I am thrilled Liz Yee has joined the Foundation to lead this important work, given her deep experience in climate finance, and immeasurable contributions while at 100 Resilient Cities.”
Dr. Shah continued, “Given The Rockefeller Foundation’s longstanding leadership in developing the field of resilience to help cities prepare for and thrive amid physical, social and economic uncertainties, we chose to define a pathway that elevated the work of the network of city practitioners and leaders focused on global urban resilience.”
Shah further continued, “This additional support will build on the strong legacy of 100 Resilient Cities, to transition and evolve to a new phase that is led by member cities, with a continued focus on funding diversification and long-term financial sustainability. Ultimately, we aim to ensure continued collaboration and sharing among cities to address some of their most pressing challenges.”
Managing Director, Climate and Resilience, The Rockefeller Foundation, Elizabeth Yee said, “Rapid changes in climate are exposing global citizens to unpredictable risks, and there is an increasing need to leverage data and technology to ensure we make informed decisions, and design and deliver solutions that improve the resilience of communities.”
She further said, “Continuing to support the 100RC Network is a core part of our ability to understand and tackle these immense challenges, which require creative, blended capital solutions to address at scale. I am excited to lead the new Climate and Resilience initiative at the Foundation and build on its legacy in resilience, to ensure that we develop and deliver solutions that positively transform the lives of vulnerable populations.”
Chief Resilience Officer for the City of Salvador, Brazil, Dr. Adriana Campelo said, “The work initiated by 100 Resilient Cities is unprecedented in bringing worldwide awareness of urban resilience. The development and implementation of resilience strategies have to date influenced the nature of public policies, business practices and collaborative processes making them more horizontal, inclusive and sustainable globally. I’m glad that the 100RC Network of cities can continue making cities more equitable and more livable!”
Deputy Mayor & Chief Resilience Officer for the City of Athens, Greece, Lenio Myrivili said, “The partnership between cities and The Rockefeller Foundation, established and nurtured through the 100 Resilient Cities program, has created a unique community of practice, with an extraordinary political mandate, to positively impact vulnerable people, in growing cities, in the era of climate change. I am delighted that we continue the incredible journey of creating urban resilience within the 100RC Network.”
The Rockefeller Foundation will continue collaborating with this global Network of cities, CROs, and a small group of former 100RC senior staff to plan these efforts, and has committed to a partnership for the next five years.