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
Note on the funder: The Climate Tech Compass has been developed with support from EIT Climate-KIC.