Allianz has devised an open-source tool that identifies emission reductions and investments needed for countries to reach 2050 sustainability goals under the Paris Agreement.
The Allianz tool called Sector Assessment of Multiple Emissions pathways (SAMEpath) was designed to provide a detailed analysis and recommend energy transition pathways for more than 50 industries worldwide, while also investigating how the transition can vary by region, country and sector.
SAMEpath also informs key stakeholders and the general public about economic developments as well as potential transition risks for sectors and economies in different climate scenarios.
Allianz SE chief economist Ludovic Subran said the open-source and free tool can help “inform long-term business decisions and investments”.
“After the Paris Agreement, the thinking was that the world needed a simple Google Maps-like tool to orient us on reducing greenhouse gases,” he said.
“Unfortunately, there is an almost unmanageable number of models and scenarios now. SAMEpath simplifies this into one tool that can inform users where we are, how we can reach net zero from here and do so given the situation.”
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The SAMEpath dashboard looks to harmonise existing analyses on climate scenarios, simultaneously enhancing it with its own calculations to provide more details on economic developments and climate transition risks.
Users of SAMEpath can 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 the Risk Assessment portion of the Allianz tool’s dashboard, users can observe the predicted impact of each transition scenario on the final sector demand of a given country.
