NRDC
For China Sustainable Retail Banking
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Amount$500,000
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Program
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Date Awarded10/5/2018
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Term12.0 Months
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Type of SupportGeneral Support/Program
Overview
As the world’s largest greenhouse gas emitter, China’s rapid transition to a low-carbon development pattern will require large-scale financing to achieve clean energy deployment and other climate change solutions. Bank capital pooled from individual and business savings represent an important source of funds that can be leveraged to invest in reducing GHG emissions. This work aims to demonstrate viable financing models and instruments that help attract retail bank savings and channel them to fund climate mitigation projects.
About the Grantee
Grantee Website
www.nrdc.org
Address
40 West 20th Street, 11th Floor, New York, NY, NY, 10011, United States
Grants to this Grantee
for leveraging finance to decarbonize industrial sectors in China provinces
NRDC’s mission is to safeguard the earth — its people, planet and animals and the natural systems on which all life depends. This supports NRDC to help leverage transition finance to decarbonize heavy industrial sectors at the Chinese provincial level. (Substrategy: China National Policy)
for China’s equitable low-carbon transition
To support NRDC in promoting a subnational clean energy transition in Jiangsu Province. The project will reduce Jiangsu’s coal demand by growing local renewable energy development, and advance mechanisms to increase cross-provincial and cross-regional new energy development. (Substrategy: China National Policy)
