Allianz has launched a dashboard that tracks the emission reductions and investments needed to achieve commitments made by countries under the 2015 Paris Agreement.
The solution, known as SAMEpath, is designed to outline how the green transition can be achieved before the 2050 deadline by outlining the necessary emission reductions and associated investments, aligning with the 1.5°C target
The dashboard, developed by Allianz Research, will map out the economic shifts and possible transition risks across various sectors and economies under different climate scenarios.
It will examine the energy mix and assessing the speed of implementation, offering insights that vary by region, country, and sector.
SAMEpath can also customise searches to get specific data on a requested variable, region and/or scenario, such as finding the greenhouse gas emissions of the US in different climate scenarios up until 2050 and beyond.
A geographical map also features on the dashboard, allowing users to compare different countries for a given variable, scenario and year combination.
In addition, SAMEpath includes a risk assessment section, allowing users to identify climate transition risks across various sectors and the entire economy. T
The abatement cost curves subsection explores the relationship between emission reductions and the associated carbon price required to achieve those reductions.
“We are supporting our stakeholders as best as possible in their efforts to achieve their net zero targets,” says said Ludovic Subran, chief economist at Allianz. “SAMEpath is part of that commitment as it can form the basis for investment and underwriting decisions worldwide.”
He highlighted there is an “unmanageable number of models and scenarios” examining the reduction of greenhouse gases, and the dashboard aims to simplify the framework by providing one tool to demonstrate the current situation, and how net zero can be achieved.
He added, “SAMEpath is a living tool. It is open source, free and ready for integration into projects and provides a valuable outside-in perspective that can help to inform long-term business decisions and investments.”
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