ClimateWorks Foundation
For The Global Industrial Decarbonization Program
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Amount$4,000,000
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Program
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Date Awarded4/4/2024
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Term12.0 Months
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Type of SupportGeneral Support/Program
Strategies
Overview
ClimateWorks Foundation works to address climate change and advance clean energy and a prosperous economy. This grant will support its Industry Program’s efforts to reduce industrial GHG emissions to zero in high-income countries by 2050 and in middle- and lower-income countries by 2060. To achieve this goal, all the key components of the transition must be fully commercialized and ready to be rapidly scaled up by 2030, including the technologies and the social and economic systems to support clean production, demand reduction, and the transition away from fossil-based production practices. This grant will enable ClimateWorks to work with partners globally to set the policy, commercial, technological, and social foundations for deep decarbonization from 2030, through initial steps to reduce industrial GHG emissions during the 2020s. (Substrategy: Industry)
About the Grantee
Grantee Website
www.climateworks.org
Address
235 Montgomery Street, 13th Floor, San Francisco, CA, 94104-3006, United States
Grants to this Grantee
for Carbon Dioxide Removal Program
The Intergovernmental Panel on Climate Change found that carbon dioxide removal (CDR), alongside emissions reduction interventions, will be needed at a global scale to curb the worst effects of climate change. By 2050, the world will need to remove at least 10 gigatons, per year, of carbon dioxide, and continue doing so for hundreds of years. To meet carbon removal targets by 2050, a comprehensive approach to CDR is necessary. ClimateWorks is driving a global philanthropic strategy to meet this challenge with focused work to scale direct air capture technologies in California. (Substrategy: Carbon Negative)
for support of U.S. Foreign economic policy for global green industrial policy
ClimateWorks Foundation is a global organization with a single mission: to end the climate crisis by amplifying the power of philanthropy. This grant supports the efforts of ClimateWorks’ Sustainable Finance Program to educate the public and US government actors on the importance of a coherent approach to international aspects of green industrial policy across relevant US government departments and agencies. This includes mobilizing a coalition and advancing research and engagement strategies to build U.S. leadership in this critical area.
