Leading insurance and investment group Allianz announced the launch of SAMEpath, a new tool aimed at enabling users to track transition pathways to net zero, including plotting the emissions reductions and investment required to achieve the Paris Agreement goals, and charting the economic developments and transition risks for sectors and economies in different climate scenarios.
Ludovic Subran, Chief Economist at Allianz, said:
“After the Paris Agreement, the thinking was that the world needed a simple Google Maps-like tool to orient us on reducing greenhouse gases (GHG). 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.”
According to Allianz, the new SAMEpath (Sector Assessment of Multiple Emissions pathways) dashboard outlines how the green transition can be achieved within a shrinking timeframe, informing stakeholders about factors including economic developments and potential transition risks for sectors and economies in different climate scenarios, including reaching the 1.5°C target, remaining below 2°C, and the warming overshoot embedded in current policies.
Key features of the new platform include customized data searches to display and download data on a requested variable, region or scenario, and a geographical map allowing users to compare different countries for a given variable, scenario and year combination. The SAMEpath dashboard also includes a Risk Assessment feature allowing the identification of climate transition risks in different scenarios for various sectors and for the economy as a whole, including predicting the impact of each scenario on the final sector demand of a country, as well as an Abatement Cost Curves subsection, exploring the relationship between emission reductions, and the associated carbon price required to achieve those reductions overall or in a given industry.
“The purpose of Allianz is that ‘We secure your future. We take that seriously and are supporting our stakeholders as best as possible in their efforts to achieve their Net Zero targets. SAMEpath is part of that commitment as it can form the basis for investment and underwriting decisions worldwide.”