European Climate Foundation
For Asian Industry Decarbonization
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Amount$500,000
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Program
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Date Awarded10/12/2022
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Term12.0 Months
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Type of SupportProject
Strategies
Overview
This grant is to support the acceleration of global steel decarbonization, with a focus on China and key Asian countries. This project of the European Climate Foundation will help address insufficient near-term political will to motivate the steel industry to peak prior to 2030 (and see emissions decline rapidly post-peak); prevent carbon leakage from Asian countries’ overseas investments in unabated coal-fired steel projects; lower the risk of technology and capital lock-in of existing coal-fired steel fleets’ interim emissions reduction; ensure the availability of transparent, good-quality steel plant/material/product-level emissions data; and hedge against potential long-term risk of technology containment and geopolitical isolation. (Substrategy: Global Industry)
About the Grantee
Grantee Website
www.europeanclimate.org
Address
Riviervismarkt, Den Haag, 2513 AM, Netherlands
Grants to this Grantee
for general operating support
The European Climate Foundation was established in early 2008 as a major philanthropic initiative to help Europe foster the development of a low-carbon society and play an even stronger international leadership role in mitigating climate change. It advances policy in the areas of energy, transportation, buildings, low-carbon finance, industry, and energy efficiency. The organization works to develop policy at the local, national, and European Union level, while also supporting international efforts to mitigate carbon emissions through the United Nations and G20. (Substrategy: Philanthropic Capacity)
for the Climate Finance Fund
The European Climate Foundation’s Climate Finance Fund (CFF) is a philanthropic platform that helps to mobilize capital for climate solutions. CFF focuses on China, the European Union, and the United States, and on capital allocators across the supply chain: consumers, small and medium-sized enterprises, large nonfinancial corporations, and banks and asset managers. CFF also provides expertise to market rule makers, like financial regulators, on climate and clean energy finance. There are two pillars of the work, both with a diversity, equity, and inclusion lens: innovative finance and the systemic decarbonization of capital. (Substrategy: Climate Finance)
for scaling and accelerating green iron trade and investment
The European Climate Foundation works to foster the transition to a net-zero society to ensure a healthy planet and sustainable living conditions for current and future generations. This grant will support ECF’s international Energy Program to facilitate proactive governmental policies, foster international collaboration, and accelerate green iron trade and investment. (Substrategy: Industry)
