OGCI Climate Investments (OGCI CI) was formed by the Oil & Gas Climate Initiative in 2016 to accelerate the global implementation of low carbon solutions by collaborating with OGCI members, governments, customers, and co-investors.
We focus on identifying and supporting our investments to deliver near-and long-term realized GHG emissions reduction.
We are $1B+ investor. Among our investment-focused activities, OGCI CI currently manages a $1B+ fund, Catalyst Fund I
and is an investor in China Climate Investments.
Both funds invest in solutions to decarbonize under-invested GHG-intensive sectors within energy, industrials, built environments/buildings and transportation. OGCI CI targets solutions that deliver near-term GHG impact in three areas:
Since delivering GHG impact is OGCI CI’s core mandate, it has been critical to develop the right metrics and methodologies to assess the impact of our investments and to ensure full transparency in our reporting.
We are a co-founder of Project FRAME which is focused on collaborating to develop frameworks and tools to assess the potential impact that today’s climate investments will have on GHG emissions in the future.
We have taken a sectoral approach to identifying and investing in the most impactful greenhouse gas (GHG) reduction opportunities. Since 2017, we have made a total of 25 investments in the energy, industrial, commercial transport, and commercial buildings sectors.
We recognize the urgency of action on GHG emissions. Most emissions scenarios from the Intergovernmental Panel on Climate Change (IPCC), which keep global temperature rises below 1.5 degrees, require us to remove 40-50% of global emissions by 2030. This urgency leads us to invest in companies that will be able to deliver significant GHG impact in the short term.
We know that each ton of GHG emitted into the atmosphere today will drive temperature change for as long as it is there. The IPPC estimates that the world only has a remaining “GHG budget” of around 500 GtCO2 e for a 50% chance of keeping warming to 1.5 degrees above pre-industrial levels in 2100. This requires us to think about emissions in a cumulative manner, so companies that can start reducing emissions today will provide greater benefits than those companies that only start reducing emissions post-2030.
We estimate that our Catalyst Fund I’s investments have avoided, reduced, recycled, or stored around 20 CO2e since our inception.
Avoid an emission from ever happening by lowering demand or avoiding incidents and accidents.
Generally increase efficiency of the service: the end demand for the service remains the same but GHG emissions are reduced.
Take a GHG waste gas and do something with it which permanently repurposes it, hence reducing emissions.
Permanently store the waste GHG gas.