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
Riviervismarkt 5 2513 AM, The Hague, Netherlands
Grants to this Grantee
for Tara’s Climate Finance Program
This grant will support Tara’s work in Asia to support a clean energy transition and develop a pilot education strategy. In 2022, Tara will help ensure China’s overseas coal finance commitment is clear, ambitious, and without loopholes. They will also work with local and partners to accelerate public finance into clean energy in the region and initiate a fossil-free campaign focused on the Asian Infrastructure Investment Bank (AAIB). Finally, funds will enable Tara to put a monitoring system in place to track finance for gas projects, while developing an Asia-wide pilot education strategy to help the next generation of South and Southeast Asian leaders embrace renewable energy and sustainability. (Substrategy: China National Policy)
for support of the Forum New Economy
Housed at the European Climate Foundation, the Forum New Economy is a Berlin-based nonpartisan platform launched in October 2019 with the aim to accelerate the emergence of a new guiding principle in economic policy. As the critical German part of a growing international network, the forum generates and promotes overarching new answers to the major challenges of our time, be it climate change, inequality, or the instability of financial markets. It also creates a link between innovative international academics on the one hand, and policymakers and the wider public in Germany on the other hand.
for the Climate Finance Fund
The Climate Finance Fund is administered by the European Climate Foundation (ECF). The fund will support the mobilization of capital to drive climate solutions in alignment with ECF’s mission to respond to the global climate crisis by creating a net-zero greenhouse gas emissions society. This grant will cover costs for ECF program staff to operationalize the Fund.