The second part of ET Risk project is the exploratory development of asset-level databases. This is led by the Sustainable Finance Programme at the Oxford Smith School. The other project partner closely involved in this work is 2° Investing Initiative. The asset-level data work consists of three parts:

  1. An initial consolidation of asset-level information across six energy-relevant sectors (power, automotive, steel, cement, aircraft, and shipping) using existing proprietary and non-proprietary datasets. This is done for assets that account for >2/3 of global GHG emissions in each of the six the sectors.
  2. An initial Committed Cumulative Carbon Emissions (CCCE) estimates for the assets in the database. These are the total future emissions from assets (i.e. carbon ‘lock-in’) given certain assumptions about their operation and lifetime
  3. A database of technological options to Reduce Committed Cumulative Carbon Emissions (RCCCE) for the assets in the database, including different types of input substitution, retrofit, and the application of CCS technologies.

The main purpose of the databases of the ET risk project is to explore the potential of asset-level data and encourage the adoption of asset-level based approaches, as well as the CCCE concept, by financial institutions and other stakeholders. The project partners are doing this through a wide range of related research, engagement, and thought-leadership.

The project partners aim to make the RCCCE database publicly available. But licensing conditions and the exploratory nature of the asset-level databases mean that the data compiled as part of the ET Risk project will not be publicly available. However, Oxford Smith School and 2° Investing Initiative are working together to make accurate, comparable, and comprehensive asset-level data tied to ownership publicly available across key sectors and geographies through the new Asset-level Data Initiative (ADI). More information about this can be found here