利用过渡途径

LeveragingTransitionPathways How financial institutionscan use pathways to informtransition intelligence Authors and Acknowledgments Authors Nicky HaltermanJacob KastlAubrey McKinnonThomas WhiteAuthors listed alphabetically. All authors from RMI unless otherwise noted. Contacts Thomas White,tomwhite@rmi.orgEstefania Marchan,emarchan@rmi.org Copyrights and Citation Nicky Halterman, Jacob Kastl, Aubrey McKinnon, and Thomas White,Leveraging Transition Pathways, RMI,2025,https://rmi.org/insight/leveraging-transition-pathways. RMI values collaboration and aims to accelerate the energy transition through sharing knowledge andinsights. We therefore allow interested parties to reference, share, and cite our work through the CreativeCommons CC BY-SA 4.0 license.https://creativecommons.org/licenses/by-sa/4.0/. All images used are from iStock.com unless otherwise noted. Acknowledgments We would like to thank our colleagues at RMI who have contributed to this work. In particular, HannahBarton, Elizabeth Harnett, Dhroovaa Khannan, Antoine Lalechere, Mitchell Luti, Estefania Marchan, andChristina Pastoria each played a vital role in shaping the research and ideas presented in this report. We also thank our strategic partners and other financial institutions and experts for their ongoing supportand thoughtful review. Their guidance and engagement throughout the development of this work havebeen invaluable, ensuring its relevance and impact. About RMI Rocky Mountain Institute (RMI) is an independent, nonpartisan nonprofit founded in 1982 that transformsglobal energy systems through market-driven solutions to secure a prosperous, resilient, clean energyfuture for all. In collaboration with businesses, policymakers, funders, communities, and other partners,RMI drives investment to scale clean energy solutions, reduce energy waste, and boost access to affordableclean energy in ways that enhance security, strengthen the economy, and improve people’s livelihoods. RMIis active in over 60 countries. Table of Contents Executive Summary4Introduction5Pathways-Based Assessments: From Data to Useful Intelligence6Selecting and Interpreting Pathways9Step 1: Intended application10Step 2: Pathway credibility10Step 3: Pathway features11Step 4: Pathway granularity13Step 5: Benchmark data availability14Case study: Selecting a pathway based on assessment application15Case Study: Using pathway selection to inform analysis18Challenges to Implementing Pathways20Conclusion21Endnotes22 Executive Summary Transition pathways are an essential tool for financial institutions conducting corporate transitionassessments. Such pathways can contextualize the ambition and feasibility of corporate plans, identify keytechnologies, and more. No single pathway can answer every question a financial institution has abouta client or investee. Ultimately, approaches that deploy a diverse range of complementary pathways willprovide the most granular and actionable results for a corporate assessment. Despite their value, pathways remain underutilized, due to both the complexity of selecting one fromthe wide range available and the resource demands of working with existing options. This paper offers astructured approach for selecting and interpreting transition pathways, recognizing that no pathway is bestfor every application. The approach involves five core steps: Exhibit ES1 Although this process is intended to simplify the identification of suitable pathways, it may still prove tobe resource-intensive when evaluating a large number of pathways in a sector and/or region new to thefinancial institution. However, this is largely a one-time investment, and it builds a deep understanding ofa specific sector and/or region that can be applied to many assessments. Additionally, RMI is developinga transition pathway repository that will further streamline steps 2–5, allowing users to simply look upwhat pathways and benchmarks are available for a given application in a sector and/or region. This willfurther reduce the resource intensity and lower barriers to expanded adoption of pathways in transitionassessments. Introduction Transition pathways are essential for implementing robust, business-relevant corporate transitionassessments,1providing financial institutions with the context needed to transform raw data into decision-useful intelligence. Beyond assessing the ambition of corporate climate targets, transition pathways canprovide information on the technological feasibility of company plans, the impacts of shifting policy, andmore. For example: •Global integrated assessment models(IAMs) provide an economy-wide view of a potential pathwayto a specific (e.g., 1.5°C) climate outcome and can help contextualize the ambition of corporate targets.The most prominent example of an IAM is the International Energy Agency’s (IEA) Net Zero Emissions by2050 Scenario (NZE).2 •Sector-specific pathwaysoffer a detailed technical exploration of how different tec