CarbonLaces

CarbonLaces unlocks the greening of finance through continuous and automated asset level tracking for Paris 1.5°C alignment.
Climate Change Mitigation Advancing Net Zero

Problem Addressed

In the anthropocene epoch, climate change is being accelerated by human related activities from burning of fossil fuel, intensive agriculture, urbanisation, deforestation and pollution resulting in extraordinary changes on Earth.

Businesses want to reduce their carbon footprint. But they lack reliable data to make the case for transformation based on return on investment. What cannot be measured, cannot be tracked and therefore cannot be changed with confidence. 

Action on decarbonisation will require: 

  • Financial and energy data to be accessible 
  • Data reflective of reality 
  • Live, granular data 
  • In depth understanding of combined financial and energy models  
  • Connection of the energy data space and how that impacts customers’ cash flows and asset values 

Solution Overview

To support reduction in greenhouse gas emissions, CarbonLaces is building a pioneering results-based Climate Finance platform. CarbonLaces map whole life emissions and recommend decarbonisation financing through technology change and a carbon exchange. Currently, the UNFCCC mandates emissions reductions at 6-7% YOY to hit Net Zero. In early trials, CarbonLaces achieved 34% reductions in emissions using AI, automation and smart data and demonstrated consistent data for decisions-making and optimising decarbonisation scenarios for individuals, local authorities, asset owners and cities, across the value chain. It delivers total emissions and abatements using cost benefits of technology and risks associated for achieving Net Zero at scale. Financiers, Local authority and Government benefit from open consistent data to see gaps, costs and actions required to achieve Net Zero targets and be Paris aligned for the built environment as well as fulfil reporting obligation under TCFD, PCAF. Currently, Carbon Laces has its first product with early adopters and is looking to scale with beta customers.

Company name

CarbonLaces

UK availability

Yes

Solution launch date

2020

Links

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Cost Benefit

This is a Software as a Service (SaaS) open-source platform with pricing based on nominal monthly fixed fee and additional usage fee based on volume for access to data, models and analytics. Potential customers benefit from automated asset level profile of moving from a brown discount to a green premium based on efficiency potential, abatements required and the financial impact to their portfolio. They further benefit from moving away from excel and see data at scale which helps inform their data driven decisions from granular bottom up analysis. CarbonLaces have various packages from a single unit to a portfolio.

Case Study

Early proof of concept has been demonstrated via decarbonising using solar, battery and multiple next best actions to get a 34% reduction in emissions. This was based on data, models and weatherization. Currently CarbonLaces are working with a large bank, technology company and partners in the built environment. As a SaaS based solution, they reduce the friction of 3-4 FTEs equivalent.

This page presents data, evidence, and solutions that are provided by our partners and members and should therefore not be attributed to UKGBC. While we showcase these solutions for inspiration, to build consensus, and create momentum for climate action, UKGBC does not offer commercial endorsement of individual solutions. If you would like to quote something from this page, or more information, please contact our Communications team at media@ukgbc.org.

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