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LONDON: The Bill Gates investment network Breakthrough Energy and environment disclosure platform CDP (formerly the Carbon Disclosure Project), are to develop a ‘Catalyzed Emissions Reduction Framework’ (CERF) to encourage investments in new climate solutions.

CERF will enable individuals, companies and governments assess investing in activities that will eliminate sources of CO2e emissions permanently. As a next step the two partners are inviting companies who are involved in any value chain stage of emerging technologies to express their interest in contributing to the testing and refining of the framework.

The CDP says those taking the step to invest early in helping net-zero solutions reach scale should be recognized for their foresight.

“The only way we will avoid the worst impacts of climate change is if we commercialize new technologies that carry a high ‘Green Premium’ over their fossil fuel-based counterparts,” explained Breakthrough Energy managing director Jonah Goldman. “We should be recognizing those with the courage to help make that happen.

“While it is great that so many climate smart technologies – from the infrastructure for EVs to the development of wind and solar – are profitable investments today, we should be recognizing investors who are taking more risk to develop the other technologies that are not yet as easy to finance,” he added.

The CERF is intended to quantify how a company’s investments contribute to accelerating the deployment of that technology to scale and help leaders explain to their investors and customers what they are doing to decarbonize their value chains.

“Ultimately we want to enable robust solutions that allow companies to buy into directly solving the problem,” said CDP executive director Nicolette Bartlett.

Founded in 2000, CDP runs the world’s environmental disclosure system for companies, cities, states and regions on behalf of 590-plus investors with over US$110 trillion in assets.

Earlier this month Irish green cement company Ecocem announced the completion of a €22.5 million equity investment by Breakthrough Energy Ventures to enable the company produce and market new ultra-low-carbon cement.
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