European Climate Foundation
For The Pool-Fund On International Energy (PIE) Project On Greening Hong Kong Capital Markets
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Amount$175,000
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Program
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Date Awarded11/22/2021
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Term12.0 Months
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Type of SupportProject
Strategies
Overview
This grant supports the work of the foundation’s Pool-Fund on International Energy (PIE) to bring international climate-friendly financing to Chinese business. PIE is working with other funders and regranters to build an ecosystem of organizations in Hong Kong capable of engaging on bringing a greener sensibility to Hong Kong finance. PIE will work with these organizations to engage Asian companies listed in Hong Kong to have 1.5 C compatible net-zero transitions — including coal transition in utilities and steel — and it will support market regulation in line with international best practices on climate. (Substrategy: China National Policy)
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)
