ClimateWorks Foundation
For The India Catalytic Solar Finance Program And China Coal Research
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Amount$5,635,000
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Program
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Date Awarded11/8/2016
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Term12.0 Months
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Type of SupportGeneral Support/Organization
Overview
The ClimateWorks Foundation supports philanthropic analysis and investment in climate change mitigation. This grant, in partnership with other U.S. foundations and the Government of India, will support investments into India’s solar market, with a particular focus on the off-grid and solar rooftop space, through the Catalytic Solar Facility. The ClimateWorks Foundation will work with foundation partners to select a facility manager and create a structure that will enable catalytic investments in India. The grant will also support research looking at coal consumption in the electricity and industry sectors in China.
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.
