Eclipse Ventures released the Eclipse Carbon Optimization (ECO) framework, a new tool that assesses the environmental and economic value potentials for emerging industrial technologies. ECO helps investors identify the full promise and impact of technologies by quantifying sustainability and carbon reduction potential alongside economic ROI, what is said to be an industry first.
"Quantifying sustainability is mission-critical for investors to better identify the technologies that will reduce the carbon intensity of our physical infrastructure, while also creating tremendous economic value," says Jay Knafel, partner at Eclipse Ventures. "These are investments that our society desperately needs to reverse climate change, improve economic resiliency and accelerate growth to drive the next massive wave of transformation. In sharing our approach and research, we intend to spark a deeper cross-industry debate among investors, founders and customers about the importance of quantifying future sustainability for technology and measuring its impact on our planet."
From PR Newswire:
- The ECO Framework is based on CRANE, an open platform developed by Prime Coalition in partnership with Rho Impact to better understand carbon reduction potential. Together, these 11 companies have the combined potential to reduce annual GHG emissions by approximately 200 million metric tons of carbon dioxide (MMtCO2), —or ~4% of total U.S. emissions—by 2040. That's the equivalent of removing roughly 44 million internal combustion engine passenger vehicles from the road.
