To meet this demand, RMI launched the pacta.multi.loanbook software package, empowering banking supervisors to analyze and measure alignment of lending portfolios with climate scenarios.

The carbon budget is further complicated because projects that are seen as good, either for climate action or for social reasons, can actually increase emissions, according to the report. When city council added 50,000 annual bus hours to the Edmonton Transit Service, it was assumed that this would lead to a reduction in community emissions as more people might be encouraged to take public transit. However, the increase in service required 20 new diesel buses, which is estimated to increase corporate carbon emissions by 1,300 tonnes annually. Council also approved supportive housing projects in Canora and Garneau, which will help house people with complex health and addiction needs. However, those buildings will contribute to increased emissions. Altamirano pointed out road-widening projects as having a positive impact on carbon emissions, as it enables vehicle traffic to flow more freely, reducing emissions from idling

Mærsk Mc-Kinney Møller Center, RMI launch new platform to drive sustainable shipping.