While green finance has been rapidly developing in China, most financial institutions have not consciously focused on funding carbon emissions reduction. A key barrier is the lack of tracking climate-friendly projects under the green finance rubric. NRDC has identified policy gaps and engaged pioneering banks and other players in an effort to design climate-friendly investment procedures. NRDC’s advocacy efforts in China will focus on mainstreaming "climate-friendly financing and investment" as an essential part of the country’s green finance concept, and spurring retail banks to use carbon accounting on their financial products to help accelerate the decarbonization of their portfolios. (Substrategy: Climate Finance)
About the Grantee
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Grants to this Grantee
for support of the Clean Vehicles and Fuels Program
The Natural Resources Defense Council’s biggest strengths are its broad advocacy base and its technical and legal expertise. This grant would support its transport and health programs to reduce environmental impact from vehicles and fuels. The Council’s main goals in the next two years are to advance stronger vehicle emissions standards and clean freight policies, and develop a comprehensive oil campaign, while also defending existing regulations in the United States.
for the Northwest Natural Gas Project
This proposed grant seeks to create a certification program that would allow distribution companies to sell their residential and commercial customers natural gas that has met minimum environmental standards throughout its life cycle, including its extraction. Funding for the first phase of this project, headed by the Natural Resources Defense Council and the Northwest Natural Gas Distribution Company, will support efforts to set the standards and bring in more natural gas distribution companies. The project’s second phase will involve designing a mechanism to track gas much like Renewable Energy Certificates
for a Pacific Northwest Energy consultant to develop initiatives to reduce fossil fuel emissions
The purpose of this one-time project grant is to allow NRDC funds to hire an expert energy consultant to negotiate on NRDC's behalf the possible retirement of the Portland General Electric's Boardman Coal Generation Facility, located in eastern Oregon. This person will participate in meetings and forums with regulators and other stakeholders, as well as PGE management regarding the current integrated resource plan and the key economic issues it raises related to the shutdown of the Boardman facility no later than 2020.