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December 10, 2019

News coverage: EU backs new open-source tool to help investors reach climate goals

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The launch of our Climate Tech Compass, a tool to help governments and organisations to align investments and policies with the goals of the Paris climate agreement, received coverage from Environmental Finance, Expert Investor, and Responsible Investor, among others.

The Climate Tech Compass allows governments, companies and financial institutions to view specific “transition pathways” for a number of high-emissions sectors for which technological change and greenhouse gas emissions are “most critical”.

The high-emissions sectors covered are automotive, aviation, shipping, power generation, agriculture, real estate and the manufacture of steel and cement.

For more:

Environmental Finance, 2° Investing Initiative, Beyond Ratings launch new climate target investment tool

Responsible Investor, EU backs open source tool to help investors reach Paris climate target

Expert Investor, Tool unveiled to identify 2-degree pathway investments

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Independent, non-profit think tank working to align the financial sector with international climate goals.

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2DII today announced it is transferring stewardship of the Paris Agreement Capital Transition Assessment (PACTA) to RMI, formerly Rocky Mountain Institute. PACTA measures financial portfolios' alignment with various climate scenarios, including those consistent with the Paris Agreement. Under RMI’s stewardship, PACTA will remain a free, independent, open-source methodology and tool, and will continue to provide the financial and supervisory community with forward-looking, science-based scenario analysis to help users make climate-aligned financing decisions. RMI will invest in scaling up PACTA’s usability and applicability in day-to-day investment decisions as well as reporting requirements.

Access the full press release here: https://2degrees-investing.org/2-investing-initiative-transfers-stewardship-of-pacta-to-rmi/In the coming weeks, we will update this website with additional information. For now, please note that all contact information remains unchanged.