New Energy Nexus
For Expanding Climate Finance Work
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Amount$2,200,000
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Program
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Date Awarded8/28/2021
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Term12.0 Months
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Type of SupportGeneral Support/Program
Strategies
Overview
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)
About the Grantee
Grantee Website
www.newenergynexus.com
Address
436 14th Street, Suite 1220, Oakland, CA, 94612, United States
Grants to this Grantee
for the development of the Global EV Guarantee Facility
New Energy Nexus supports diverse entrepreneurs to drive innovation and build equity into the global clean energy economy. The organization plans to bring together a coalition of partners and funders to explore the possibility of creating an EV Guarantee Facility, a project that would provide credit enhancement to consumer financing for EVs. This project grant facilitates development of the concept. (Substrategy: Electrification)
for driving innovation for decarbonization with Chinese state-owned enterprises
New Energy Nexus (NEX) supports diverse entrepreneurs to drive innovation and build equity into the global clean energy economy. This grant will support NEX’s work to increase the capacity of Chinese companies to adopt a new energy innovation toolkit with technical, financial, and business solutions.(Substrategy: China National Policy)
for climate finance fintech accelerator landscape scoping
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.
