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 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
Neue Promenade 6, Berlin, 10178, Germany
Grants to this Grantee
for fostering and accelerating Asian 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 China’s international climate and energy transition leadership in Africa, and accelerate Asian steel decarbonization. (Substrategy: China National Policy and Global Industry)
for transport program
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 transport program is a critical partner to our zero-emissions transportation strategy. Using a multifaceted approach that advances vehicle standards and charging infrastructure, highlighting the benefits to jobs and health, the foundation’s grantees will work to electrify all European road transport by 2050. (Substrategy: Electrification)
