This grant seeks to facilitate the creation of Green Investment Banks (GIB) in key developing countries. Country GIB’s would be portals for climate aid and multi-lateral loans designed to assist countries with low cost finance aimed toward the emissions targets laid out in the Paris Climate treaty. The institute will provide technical assistance, match donor countries with climate mitigation investment opportunities developing countries and work with local partners to establish country specific GIB’s. The goal would be for four new GIB’s to be operating before 2020 and four more under development.
About the Grantee
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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.