Source: Small Island Developing States
3 October 2019: Macquarie’s Green Investment Group (GIG) partnered with Bloomberg New Energy Finance (BNEF) to develop a tool to assess the climate benefits of over 40,000 wind and solar assets around the world. The groups launched the tool at the Macquarie GIG Green Energy Conference.
The Carbon Score tool combines GIG’s Carbon Score methodology with BNEF’s renewable energy project data to assess the carbon impact of wind and solar energy. The tool aims to help BNEF clients to consistently, clearly and quickly assess and compare the carbon impact of individual assets, fund portfolios or power purchase agreements (PPAs). Asset owners and managers can use the tool’s data to quantify and report on the contribution of renewable energy assets and portfolios to carbon emissions reduction, using a comparable methodology.
GIG Global Head, Mark Dooley, said, “I’m proud that we’re opening access to our Carbon Scores to help stakeholders quantify their positive contribution in tackling climate change.” BNEF CEO, Jon Moore, said the tool will “provide better data to enable our clients to make more informed decisions” that assess and compare the carbon impact of renewable energy projects around the globe, “promoting investments in cleaner renewable assets.” GIG and BNEF plan to use the tool to assess the climate impact of 60% of the world’s consented wind and solar assets.
The Macquarie GIG Green Energy Conference convened in London, UK, on 3 October. [BNEF Press Release] [GIG Press Release]