In 2018, California’s Bay Area Air Quality Management District (Air District) launched Climate Tech Finance, a loan guarantee program for emerging technologies to reduce greenhouse gas (GHG) emissions at public facilities, small businesses, and eligible nonprofits. In support of this effort, Energetics developed a technology assessment matrix to evaluate emerging climate technologies across several key metrics, including emissions reduction potential, economics, technology readiness, and barriers to commercialization. The resulting product informed development of the Climate Tech Finance program.
Planning an effective program required a clear understanding of the potential GHG reduction opportunities, as well as their likely effectiveness in achieving the state’s clean air goals. Energetics supported the Air District by evaluating mitigation measures to identify those that demonstrate high cost-effectiveness and high ease of adoption and are suitable for the major industrial sectors in the Bay Area.
Energetics staff conducted vendor interviews and reviewed dozens of technology roadmaps, regulatory agency reports, and academic publications. The team evaluated each opportunity across several variables, determining projected impacts on emissions; implementation costs; technological readiness for deployment; and any technical, market, or policy barriers to deployment. The figure above depicts the results for the Agriculture and Waste sectors (the complete graphic is available on pages iii and 7 of the report).
The resulting publication, Climate Technology Review: An Assessment of Opportunities to Reduce Greenhouse Gas Emissions at Stationary Sources in the Bay Area, evaluates nearly 200 mitigation measures that span the most emissions-intensive industries in the Air District.