Publish Date : 08-Dec-2018
MacArthur has announced $20 Million in Climate Grants including the Initial Investment in China and the Second Round of Grants in India. In India, the Foundation is providing a second round of grants totaling $12.2 million to support civil society organizations working with the Indian government on climate policy that promotes air quality, solar deployment, electrification and mobility, and utilities and utility sector reform. MacArthur has maintained an office in India since 1994.
Whereas, three grants, totaling $4.6 million, will support investment in tools, data, and policies to enable a robust carbon emissions trading market in China and training to advance the implementation of environmental laws and regulations. A grant to Energy Foundation China also will establish a new partnership through which future grantmaking can be made to Chinese organizations working on climate solutions.
Through its grantmaking, the Foundation supports efforts to turn the corner on rising emissions of greenhouse gasses by 2025 and limit global warming as close as possible to the scientifically endorsed goal of 2 degrees Celsius above preindustrial levels, a threshold beyond which scientists agree that rising seas, severe droughts, and food and water security become permanent challenges to humankind. MacArthurs Director of Climate Solutions, Jorgen Thomsen said, China presents both the biggest challenge to curbing climate change and one of the most promising solutions, said , MacArthurs Director of Climate Solutions.
Thomsen further said, China is on a path to account for 30 percent of total global warming emissions by 2030. Yet, some of the most exciting developments and promising opportunities to address climate change are taking place there. He also said, Economic competitiveness is accelerating the nations move away from coal consumption. China is seeking to operationalize the worlds largest nationwide carbon market. And it has incorporated its pledge under the Paris Agreement into its Five-Year Plan, which directs its economic and development priorities.
The Foundation supports leadership by the United States, India, and China the worlds three largest emitters of greenhouse gasses to decrease the carbon-intensity of their economies, reduce emissions, and build political will and public demand for climate solutions. To meet that goal, international leadership and cooperation is needed to slow the rate of climate change quickly and to put in place the systemic changes needed to drive down emissions steeply in the long term.
MacArthurs $12.2 million investment in India will support 11 global and India-based nonprofits to support these specific projects: Alliance for an Energy Efficient Economy (New Delhi); Center for Study of Science, Technology and Policy (Bengaluru, Karnataka); Centre for Science and Environment (New Delhi); Council on Energy, Environment and Water (New Delhi); The Energy and Resources Institute (New Delhi); Idam Infrastructure Advisory Private Limited (Mumbai); Integrated Research and Action for Development (New Delhi); The Nature Conservancy; Prayas (Pune, Maharashtra); Rocky Mountain Institute; Shakti Sustainable Energy Foundation (New Delhi); MacArthurs initial $4.6 million investment in China will support three organizations: ClientEarth; Energy Foundation and Environmental Defense Fund.
In addition, the Natural Resources Defense Council will receive $3 million in general operating support for its work promoting environmental protections and clean energy solutions in the United States, China, and India.
MacArthurs efforts to combat climate change build on its nearly 40-year history in conservation and environmental stewardship, from preserving biodiversity, forests, and waterways to making impact investments and grants that have helped promote and advance energy efficiency and renewable energy.
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