RMI
For Support Of Power Market Reform In China
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Amount$500,000
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Program
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Date Awarded11/8/2017
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Term24 Months
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Type of SupportProject
Overview
China’s electric power sector accounts for ~25 percent of global coal consumption, contributes roughly 10 percent of global CO2 emissions, and produces 35 percent of China’s primary smog pollutants. Because of the sheer size of the sector, seemingly small improvements can lead to large reductions in global CO2 emissions. The Rocky Mountain Institute is partnering with key Chinese and international stakeholders to promote the use of the lowest-cost electric generation resources in China’s power sector. Simply making China’s power system operate on rational economic principles could reduce global emissions by up to 1 percent by 2020 and save China up to $14 billion annually in fuel costs. This grant will fund modeling and convenings.
About the Grantee
Grantee Website
www.rmi.org
Address
2490 Junction Place, Suite 200, Boulder, CO, 80301, United States
Grants to this Grantee
for enabling India’s low-carbon future
This grant supports RMI’s India program, which cuts across all sectors of society that are accelerating action toward meeting the country’s 2030 and 2070 climate goals. RMI’s strategies align with India’s policy and governmental ambitions announced at COP26. (Substrategy: India National Policy)
for the China Program’s systematic energy transition and equitable energy transition work
RMI’s mission is to transform the global energy system to secure a clean, prosperous, zero-carbon future for all. This grant for their China Program will focus on accelerating carbon neutrality in China by enabling policy, technology, and market mechanisms to decarbonize the power, heavy industry, infrastructure, and transportation sectors. (Substrategy: China National Policy)
