Environmental Research Grants Awarded to Address Climate Change

It was announced today that the Goldman Sachs Center for Environmental Markets has awarded its first research grants, totaling more than $2.3 million, to fund programs focuses on finding market-based solutions to climate change.

The grants have been awarded to 3 companies:

1. Resources for the Future – for support over 1 year of its Climate and Technology Policy Program, which seeks to advance economically sensible approaches to dealing with climate change.
2. World Resources Institute – for a 2 year project to analyze the viability of the various technology options that could be deployed both in the US and elsewhere to reduce greenhouse gas emissions and diversify the world’s energy sources, including coal gasification, biofuels, renewable power, and carbon capture and storage.
3. Woods Hole Research Center – for a 3 year project to examine how to value forest ecosystems and analyze economic alternative to cutting valuable rainforests.

"These grants address critical climate change challenges and provide opportunities to design a road map for policymakers on a carbon emissions regulatory framework that will include a business perspective; examine the range of alternative energy solutions; and harness market forces to better understand the value of ecosystems," says Mark Tercek, Managing Director and Head of the Goldman Sachs Center for Environmental Markets.