NRDC
For Climate Finance In China
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Amount$1,000,000
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Program
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Date Awarded10/19/2020
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Term24.0 Months
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Type of SupportGeneral Support/Program
Strategies
Overview
While green finance has been rapidly developing in China, most financial institutions have not consciously focused on funding carbon emissions reduction. A key barrier is the lack of tracking climate-friendly projects under the green finance rubric. NRDC has identified policy gaps and engaged pioneering banks and other players in an effort to design climate-friendly investment procedures. NRDC’s advocacy efforts in China will focus on mainstreaming "climate-friendly financing and investment" as an essential part of the country’s green finance concept, and spurring retail banks to use carbon accounting on their financial products to help accelerate the decarbonization of their portfolios. (Substrategy: Climate Finance)
About the Grantee
Grantee Website
www.nrdc.org
Address
40 West 20th Street, 11th Floor, New York, NY, NY, 10011, United States
Grants to this Grantee
for leveraging finance to decarbonize industrial sectors in China provinces
NRDC’s mission is to safeguard the earth — its people, planet and animals and the natural systems on which all life depends. This supports NRDC to help leverage transition finance to decarbonize heavy industrial sectors at the Chinese provincial level. (Substrategy: China National Policy)
for China’s equitable low-carbon transition
To support NRDC in promoting a subnational clean energy transition in Jiangsu Province. The project will reduce Jiangsu’s coal demand by growing local renewable energy development, and advance mechanisms to increase cross-provincial and cross-regional new energy development. (Substrategy: China National Policy)
