The Carbon Score tool, a collaboration between Macquarie’s Green Investment Group (GIG) and BloombergNEF provides reliable and standardised data on the performance of 40,000 renewable energy assets around the world.
The GIG Carbon Score provides better transparency into the carbon reduction of wind and solar projects. The tool combines GIG’s Carbon Score model with BNEF’s project energy data to provide a Carbon Score for over 60% of the world’s consented projects, enabling stakeholders throughout the value chain to make more reasoned investment decisions.
From the official GIG press release…
As developers, asset owners and managers, project finance providers and energy consumers increasingly seek to understand the environmental benefits of projects better, the demand for robust environmental data continues to grow. However, as recognised in the recent Climate Finance Leadership Initiative (CFLI) Financing the Low-Carbon Future report, the integration of climate-related risks and opportunities into investment decisions continues to be challenged by a lack of information.
GIG’s methodology helps to address some of this by generating a simple and intuitive Carbon Score for renewables assets, enabling BNEF clients to quickly, clearly and consistently assess, and compare, the positive carbon impact of individual assets, fund portfolios or PPAs. Through the partnership, GIG’s Carbon Score will be applied to over 60% of the world’s consented wind and solar projects.
Power off-takers will be able to identify opportunities to purchase high-impact clean power, while asset owners and managers will have access to robust data to quantify and report on the contribution of renewable energy assets and portfolios to carbon reduction more accurately.
Source, image & Further Reading
Green Investment Group