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 (ECF) 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. ECF 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. It also supports international efforts to mitigate carbon emissions through the United Nations and G20. (Substrategy: Philanthropic Capacity)
for the Pooled fund on International Energy Asia and Africa programs collaboration
The Pooled fund on International Energy is a philanthropic initiative of the European Climate Foundation working to achieve clean air, a safe climate, and a just transition toward clean energy and steel. It supports partners around the world working internationally and locally, including civil society organizations, research institutions, and think tanks. This grant is to support the fund’s Asia and Africa programs to foster and accelerate just energy transition in the regions. (Substrategy: China National Policy)
for fostering and accelerating Asian and African energy transitions and steel decarbonization
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. Its Pooled fund on International Energy aims to secure a shift in electricity capacity and power systems. This grant will help foster international climate and energy transition leadership in Africa, especially as it works to address domestic decarbonization priorities, and on trade-related growth in commodities, critical materials, and industrial investment from Asia. (Substrategies: China National Policy and Industry)
