MacArthur today announced $20 million in grants, including its first grants to support China’s growing leadership on climate solutions by incentivizing a low-carbon economy.
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.
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.
“China presents both the biggest challenge to curbing climate change and one of the most promising solutions,” said Jorgen Thomsen, MacArthur’s Director of Climate Solutions.
“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. Economic competitiveness is accelerating the nation’s move away from coal consumption. China is seeking to operationalize the world’s 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.”
Today’s announcement brings to more than $236 million MacArthur’s total grantmaking in support of its Climate Solutions Big Bet launched in 2015. The Foundation supports leadership by the United States, India, and China – the world’s 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.
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. 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.
MacArthur’s initial $4.6 million investment in China will support three organizations:
MacArthur’s $12.2 million investment in India will support 11 global and India-based nonprofits to support these specific projects:
MacArthur’s 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.