With the world moving ever closer to the 2050 deadline to achieve Net Zero, Allianz has launched a tool that outlines how the green transition can be achieved within the shrinking timeframe. The tool from Allianz Research provides granular analysis of the transition pathway needed for more than 50 industries worldwide.
The Allianz SAMEpath tool charts the required emission reductions and associated investments needed to achieve the 1.5°C Net Zero commitments made by countries under the 2015 Paris Agreement. SAMEpath also examines the energy mix and how the speed of implementation can vary by region, country and sector.
“The purpose of Allianz is that ‘We secure your future,’” says Ludovic Subran, Chief Economist at Allianz SE. “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.”
SAMEpath (the abbreviation for Sector Assessment of Multiple Emissions pathways) informs stakeholders and the general public about economic developments and potential transition risks for sectors and economies in different climate scenarios. This includes reaching the 1.5°C Net Zero target, remaining below a 2oC increase in global warming and the massive overshoot embedded in current policies.
The SAMEpath dashboard harmonizes many of the existing analyses on climate scenarios. It enhances this with own calculations to provide more details on economic developments and climate transition risks.
