New Venture Fund

This grant supports the Evergreen Collaborative, a new initiative to elevate the urgency and positive opportunities of bold climate action. The collaborative’s work will focus initially on policies to drive new public investment and strong regulatory standards that advance climate solutions. This work is informed by the current economic crisis triggered by COVID-19 pandemic, trade wars over oil, and the failure to invest in American infrastructure and a strong social safety net. (Substrategy: U.S. National Policy)

The New Venture Fund’s Climate and Clean Energy Equity Fund will support groups in select states and cities working to transition to a clean energy future in ways that promote economic, social, and environmental justice — minimizing risks and maximizing benefits to low-income communities. The Fund’s climate equity framework addresses the need to broaden the base of support for climate action in order to accelerate the pace of change. The Fund will help organizations grow their memberships, strengthen their organizing skills, and build their capacity to advocate for strong clean-energy and climate policies. (Substrategy: U.S. National Policy)

The Fund for Climate and Energy in India, hosted at the New Venture Fund (NVF), is a multi-funder pooled fund to advance clean energy and a green economic recovery in India. In the first year of this grant, NVF, and its technical partner, the Shakti Foundation, will focus on the following three areas: (a) making the Indian power sector cleaner and more reliable, (b) supporting government ambitions to advance electric mobility, and (c) enabling India’s recovery from COVID-19 to be green and robust. (Substrategies: U.S. National Policy and Electrification)