The use of papers and guidance, including the scope of participation in the Alliance, is at the discretion of each individual Member. [...] It recognises the vital role of banks in supporting the global transition of the real economy to net-zero emissions. The Alliance is convened by the UN Environment Programme Finance Initiative and is a part of the Race to Zero. [...] The final scoping of emissions targets can be influenced by various factors, including the materiality of different emission types for ICEVs and EVs, and the OEM’s ability to directly influence emissions along the value chain. [...] Climate Target Setting for Automotive Sector Financing 33 Contents | Design choices for scenarios and benchmarking 4.3 Attribution and aggregation approaches This section discusses approaches to attribution of the emissions of counterparties to a financial instrument (both as absolute emissions or emission intensity) and to aggrega- tion of instrument-level emissions to sector-wide portfolio emiss. [...] Decarbonise and expand the capacity of the electricity grid Action needs to be taken to transition the power generation sector towards renewable energy sources and prepare the electricity grid for the scale up of EVs.
- Pages
- 57
- Published in
- Switzerland
