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
2490 Junction Place, Suite 200, Boulder, CO, 80301, United States
Grants to this Grantee
for promoting climate equity through a just rural transition
RMI works to promote carbon neutrality in China’s rural development. Given China’s mandate to promote inclusive development for all, and the government’s Rural Revitalization centerpiece role, this project aims to incorporate low-carbon development into China’s rural development, in order to optimize opportunities to achieve the dual goals. RMI will establish a close working relationship with key decision-making ministries, develop a roadmap for rural carbon neutrality, tackle climate equity issues, demonstrate breakthrough technologies and innovative mechanisms at typical rural pilots, and mobilize key market players to mobilize private capital. In addition, RMI also plans to facilitate the effective scaling through a public report release and communications campaign. (Substrategy: China National Policy)
for the China program, India program, and Center for Climate-Aligned Finance
The Rocky Mountain Institute’s mission is to promote a transformation to a clean and prosperous low-carbon economy. This program grant will support its work on advancing clean energy in India and China, as well as establish its new Center for Climate-Aligned Finance. In India and China, the institute is well established and works in partnership with national and sub-national governments to advance clean power and electric mobility. This part of the work advances our substrategy in Electrification. The Center for Climate-Aligned Finance supports our Climate Finance substrategy.