New Energy Nexus
For Climate Finance Fintech Accelerator Landscape Scoping
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Amount$175,000
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Program
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Date Awarded3/3/2020
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Term6 Months
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Type of SupportProject
Overview
Financial technology, or fintech, is playing an increasing role in the management of assets and mobilization of capital. Robo-advisers are forecasted to manage $1.26 trillion in assets by 2023, and have managed around $500 billion as of 2019. Fintech is attracting attention from nearly all markets and could help realign the financial system towards sustainable development. CalCEF Innovations, now known as New Energy Nexus, will publish a scoping report on the current state of climate fintech solutions, opportunities and barriers; fintech accelerator programs; and fintech-engaged corporate stakeholders in Europe, China, and the United States.
About the Grantee
Grantee Website
www.newenergynexus.com
Address
436 14th Street, Suite 1220, Oakland, CA, 94612, United States
Grants to this Grantee
for expanding climate finance work
Through a global network, New Energy Nexus launches and accelerates a portfolio of climate innovations from diverse entrepreneurs to solve climate change and create more equitable outcomes for all people. New Energy Nexus will implement pilot demonstration projects in the Chinese marketplace that drive a shift of financial flows from dirty to clean energy to accelerate and scale climate solutions. (Substrategy: Climate Finance)
for climate fintech program
New Energy Nexus seeks to capitalize on the current momentum toward rebuilding a greener economy post-COVID by leveraging their research and network to build a global climate fintech accelerator. This will be designed to foster financial technologies that catalyze decarbonization; integrate these innovations into global financial marketplaces and institutions; facilitate multi-regional stakeholder dialogue; and eventually launch accelerator hubs in China, Europe, and the United States. This grant helps New Energy Nexus take the first steps in this vision, establishing a first regional hub, securing corporate participation, and launching the climate fintech accelerator program. (Substrategy: Climate Finance)
