This work is to further grow the Science Based Targets Initiative, specifically for financial institutions (SBTi Finance). SBTi Finance builds on attributional accounting based on the Greenhouse Gas Protocol’s Corporate Value Chain (Scope 3) Standard. SBTi Finance is a framework for financial institutions to set targets that are aligned with climate scenarios, and that enable an ex-post evaluation of financial institutions’ contribution to real-economy emissions reductions in relation to net-zero targets. The framework includes a set of methods that can be used to set targets, criteria that SBTi will use to assess and validate targets submitted to the initiative, and implementation guidance. (Substrategy: Climate Finance)
About the Grantee
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Grants to this Grantee
for advancing the renewable energy private sector and international communication to green China’s overseas investment
This project of the World Resource Institute seeks to support China in implementing its commitment to stop overseas coal financing to the fullest extent through realistic yet ambitious pathways. The institute will work with Chinese partners to build domestic regulatory safeguards to ensure that China fulfills its pledge on halting new coal abroad; diagnose the key barriers that impede China’s public and private investors from overseas investment in renewable energy, identifying pathways to address them; and foster deeper and more objective understanding of China’s support to BRI countries by reinforcing strategic communications and strengthened engagement in international events. (Substrategy: China National Policy)
for the China clean energy study
This grant builds on a previous grant that culminated in the Hewlett China coal strategy paper. The purpose of this follow-up grant is to help Hewlett grantees in China working on coal to refine and evaluate the strategy. It seeks to develop a strategic power map of future opportunities to work more directly on slowing the growth of coal-fired power and industrial energy resources in China. Currently, China depends on coal to provide 70 percent of its energy, and it has been the engine for the nation’s rapid economic growth over the past decade. The grant will enable Hewlett grantees to more effectively develop joint strategies in different venues.
for analysis and fact sheets on reducing emissions from the power sector
World Resources Institute will analyze options for eight states to comply with future Environmental Protection Agency rules limiting carbon pollution from existing power plants. WRI will produce state-based fact sheets to help regulators and other state decision-makers understand how many of their existing policies and programs may help them "earn credit" under the new federal rule. The fact sheets are meant to spark conversations and further analysis in the states, and to build support for a strong federal rule.