The Climate Tech Compass provides a roadmap of investments, energy capacity, and emissions –sector, technology, and country – in order to achieve the 2°C target.
The methodology recognizes that each sector has a specific transition pathway, or technology roadmap, for it to contribute to the Paris Agreement goals. It covers high-emission sectors where technological change and greenhouse gas reductions will be most critical (automotive, aviation, shipping, power generation, cement, steel, agriculture, real estate).
Operationally, the platform combines 2DII’s high-resolution database of physical assets with Beyond Ratings’ Climate Liabilities Assessment Integrated Methodology (CLAIM) in a new, innovative methodology.
How it works:
- Investors can identify the alignment of a sector with their country’s 2°C-aligned carbon budget & assess the reductions that would need to be made
- Corporates can benchmark metrics, e.g. the carbon intensity of a company against the carbon intensity of the sector in a country, to measure the alignment with a 2°C scenario
- Governments can design their Nationally Determined Contributions (NDCs) to the Paris Agreement and reduce exposure to climate transition risks
The Climate Tech Compass has been developed with support from EIT Climate-KIC, the EU’s main climate innovation initiative.