Search for 100 1.5C-compatible investments launched

The EU-backed Mission Innovation initiative has launched a framework to identify 100 investments with the potential to reduce emissions by 10 million CO2e or more by 2030. 

The Countdown to 100 low-carbon solutions framework was launched at EIT Climate-KIC’s Climate Innovation Summit in Dublin on 7 November. 

It is looking for a mix of solutions both from start-ups and large corporates, and will select the 100 investments through an open-nomination process. In addition, organisations including EIT Climate-KIC, the Clean Energy International Incubation Centre and WWF Climate Solvers will help source solutions. 

The call follows the recent launch of the Mission Innovation Solution Framework, an “avoided emissions” investor framework that aims to rapidly identify emissions-saving solutions needed to limit global warming to below 1.5C. 

EIT Climate-KIC has joined forced with Mission Innovation – a global initiative including the EU and 23 countries whose purpose is to significantly accelerate clean energy innovation – to support the framework, alongside The Research Institutes of Sweden (RI.SE) and other partners. 

“The IPCC’s Special Report on limiting global warming to 1.5C above pre-industrial levels should leave us in no doubt that the financial sector has a make-or-break role in averting catastrophic climate change,” says CEO of the EU’s EIT Climate-KIC Dr Kirsten Dunlop. “Divestment can get us only so far. We now need to identify 1.5C-compatible solutions and drive investment and uptake much more quickly.” 

Sweden will lead the partnership to find 100 solutions, and energy minister Ibrahim Baylan said “disruptive solutions” are needed to reach long-term energy and climate goals. 

The Climate Innovation Summit in Dublin on 6-8 November also marked the first meeting of the European Hub for the UN Financial Centres for Sustainability. The FC4S network will develop a common European assessment tool to evaluate the sustainability credentials of financial centres. It will also help financial centres become better positioned to promote sustainable finance through an open innovation platform. 

This article is part of an eight-part series by Climate-KIC and Environmental Finance discussing Mission Finance, the theme of the 2018 Climate Innovation Summit in Dublin on 6 – 8th November.  To see the series hub click here.

For more information about the “Countdown to 100 low-carbon solutions” framework click here and to nominate a solution visit misolutionframework.net/solutions 

 
Location
Ireland
Related Goal
Goal 12: Foster bankable green assets in cities
Articles you may be interested in
In The News
Five EIT Climate-KIC innovators featured in Global Cleantech 100

Five EIT Climate-KIC supported innovative ventures included in the...

Five EIT Climate-KIC innovators featured in Global Cleantech 100
In The News
The journey to zero-emissions transport – part three

The transport sector already accounts for a quarter of...

The journey to zero-emissions transport – part three
In The News
The journey to zero-emissions transport – part two

The transport sector already accounts for a quarter of...

The journey to zero-emissions transport – part two
In The News
The journey to zero-emissions transport – part one

The transport sector already accounts for a quarter of...

The journey to zero-emissions transport – part one
In The News
Malaysia and Estonia win Climathon Global Awards at ChangeNOW summit

The city of Penang, Malaysia, and a team of...

Malaysia and Estonia win Climathon Global Awards at ChangeNOW summit
Opinion
Redesigning venture capital (part III): A hypothesis
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Redesigning venture capital (part III): A hypothesis
Opinion
The Long Time
Beatrice Pembroke & Ella Saltmarshe Co-founders, The Long Time Project
The Long Time
In our community
Mariana Mazzucato on big-picture, high-ambition innovation missions
Mariana Mazzucato on big-picture, high-ambition innovation missions
In The News
Circular Cars Initiative launched at WEF Davos

The Circular Cars Initiative (CCI), supported by EIT Climate-KIC,...

Circular Cars Initiative launched at WEF Davos
In The News
EIT Climate-KIC CEO selected as a top expert to advise the European Commission

Yesterday, the European Commission announced EIT Climate-KIC CEO Kirsten...

EIT Climate-KIC CEO selected as a top expert to advise the European Commission
In our community
Net zero requires just, inclusive and radical transformations
Net zero requires just, inclusive and radical transformations
In Detail
New report: Is Germany ready for the future?

E3G´s new report “Is Germany ready for the future? The case for action in a climate-changed world.”, supported by EIT Climate-KIC, finds that Germany...

New report: Is Germany ready for the future?
Opinion
Redesigning venture capital (part II): A blueprint
Dominic Hofstetter Transformation Capital, EIT Climate-KIC
Redesigning venture capital (part II): A blueprint
In The News
EIT Climate-KIC’s work in Slovenia

Last November, the Slovenian parliament passed a motion to...

EIT Climate-KIC’s work in Slovenia
In The News
Slovenia adopts EIT Climate-KIC Circular, Regenerative Economies Deep Demonstr...

The Slovenian parliament passed a motion to adopt an...

Slovenia adopts EIT Climate-KIC Circular, Regenerative Economies Deep Demonstration
In our community
Cities in a 1.5 degree world: What is there to learn from Leuven’s May...
Cities in a 1.5 degree world: What is there to learn from Leuven’s Mayor Ridouani?
In our community
Slovenia adopts EIT Climate-KIC circular economy proposal: Q&A with Kirs...
Slovenia adopts EIT Climate-KIC circular economy proposal: Q&A with Kirsten Dunlop
Innovation Spotlight
Elemental Water Makers’ solar desalination an asset as climate change ...

EIT Climate-KIC supported Elemental Water Makers is a water desalination scale-up that’s transforming water systems by enabling...

Elemental Water Makers’ solar desalination an asset as climate change threatens clean water
Innovation Spotlight
Zolar’s household solar kit is democratising the energy sector

Energy production and consumption are the largest sources of greenhouse gas emissions in the European Union, accounting for 80 per cent...

Zolar’s household solar kit is democratising the energy sector
In our community
Interview with policy and governance innovation experts at Madrid and Basque...
Interview with policy and governance innovation experts at Madrid and Basque Country Universities
In The News
COP25: Measurement and attribution of climate contribution to financiers

With the carbon costs of travel in mind, key...

COP25: Measurement and attribution of climate contribution to financiers
In The News
COP25: Madrid city side event

With the carbon costs of travel in mind, key...

COP25: Madrid city side event
In our community
Interview about Futures Literacy with Riel Miller, Head of Foresight at UNES...
Interview about Futures Literacy with Riel Miller, Head of Foresight at UNESCO
In The News
COP25: Climate leader insights

With the carbon costs of travel in mind, key...

COP25: Climate leader insights
In The News
OpenSurface land-use tracking platform launches at COP25

Pioneering AI, satellite and ground-sourced data technology drives more...

OpenSurface land-use tracking platform launches at COP25
In The News
COP25: Towards the systemic transformation

With the carbon costs of travel in mind, key...

COP25: Towards the systemic transformation
In The News
Helsinki launches Climate Watch to track city’s emission reductions

The City of Helsinki recently launched the ‘Climate Watch’,...

Helsinki launches Climate Watch to track city’s emission reductions
Opinion
Moments matter*
Michelle Zucker Director, Community Activation, EIT Climate-KIC
Moments matter*
In The News
Naked Energy secures €6.17 million in funding

Naked Energy, an EIT Climate-KIC supported solar energy startup...

Naked Energy secures €6.17 million in funding
In The News
First European cluster accelerator programme launched in Frankfurt

How to take clusters to the next level and...

First European cluster accelerator programme launched in Frankfurt