Emerging Climate Technology Framework
1.5 °C Compatibility Assessment of tools/initiatives
Description
Description comments
What the assessment is meant to be used for
2. Support solutions: The framework is understood to focus on increasing the interest and understanding for investments in emerging climate technologies (defined as technologies with a TRL between 5-10)
7. PR/Branding/Offsetting: The document provides supporting principles related to transparent and accurate reporting of technologies and investments related to such
Scope of assessment
7. Conducting solution assessments is not a focus: First and foremost a framework focused on investments in technologies
Stakeholder focus
3. Investors: The framework is mainly targeted at investors that have an interest in understanding and communicating their investsment of technologies
Assessment activities
1. Developing Principles (Offering high-level standards to begin to align stakholders: The framework offers general guidance for impact investment and managing investmest related to emerging technologies (e.g page 11)
2. Assessment & Internal reporting (Organizing common metrics & methodological guidelines): Provides formulas, equations and examples on how to calculate equity parameters, ROI-related data and emissions related to investments (e.g. Annex 5 - Attribution methodology)
3. Defining Targets (Defining strategies around specific impact goals, such as net-zero and 1.5C LED compatability):
4. Collecting and disclosing data (Advocating for and/or facilitating data transparency):
5. Standardizing evalualtion (Independent 3rd party evaluation based on publicly available data):
Time horizon
1. now: As the framework is generally describing investment-related principles and methodologies, no focus on a specific timeframe has been identified
Methodology
4. Conducting solution assessments is not a focus: Although the framework includes case studies, it is not understood to be an overall focus of the framework
1.5 C Pathway Focus
5. N/A, unknown: As with other frameworks that describe relatively general principles, it can likely be applied to various types of technologies (and even other solutions such as lifestyle or core human need-focused solutions)
Scale of operations
5d. Other indicator of scale: Other: As with other frameworks that describe relatively general principles, it can likely be applied to various types of technologies (and even other solutions such as lifestyle or core human need-focused solutions)
Scanned document
This document scan has been made with the Climate Innovation Assessment tool
1.5 °C Compability Assessment comments
Opportunities
1. Help establish a dynamic solution perspective: The understanding of the assessor is that the intent of the framework is to promote investments of sustainable technologies. However, there is a strong focus on technologies (highlighted through e.g case studies), with little to no focus on other climate solutions such as lifestyle changes
3. Identifying acceleration potential for solutions: Understanding, communicating and promoting the potential economic benefits of solutions that may have a relatively long ROI is likely beneficial for a long term shift of focus to sustainable investments
8. Aligned with Mission Innovations Net-Zero Innovation Compatibility Initiative: Understanding, communicating and promoting the potential economic benefits of solutions that may have a relatively long ROI is likely beneficial for a long term shift of focus to sustainable investments
Challenges
1. Lock-in Potential from the solutions: The framework is likely to be relevant for many types of solutions, included such with a high risk of lock-in
3. Excluding Transformative (System) Solutions: No active exclusion but also no specific focus identified
4. Only including technology innovations: Technological solutions is the primary subject of this framework
5. Resource Intensive Solutions: Both the general applicability as well as case study examples provided (specifically sustainable aviation fuel) likely means that it can be utilized to sustain a resource intensive agenda
6. Only Focus on Problems rather than Human Needs: Much of the text seem to be focus on reducing emissions, but it also contains aspects related to promoting sustainable technologies as well as calculating the potential for emerging technologies (i.e. through use of the Avoided Emissions Framework)
7. Excluding other sustainability aspects (biodiversity and poverty): No focus or exclusion identified
9. No filter to support sustainable solutions for an equitable world with 11 billion: As is the issue with other frameworks as well, it actively does not focus on solutions that are more likely to be sustainable
10. Limiting focus to existing/traditional sectors: The examples provided are all within existing sectors (green hydrogen is considered to be within traditional energy supply value chains)
11. Lack of implementation in global south/no focus on 11 Billion with equity encouragement: No focus nor active exclusion