Project Frame
In response to the urgent threat that climate change poses to people and the planet, climate tech venture capital investments have increased remarkably in recent years, from less than $2 billion in 2010 to $17 billion in 2020, and $40B+ in new climate investment commitments in 2021 alone.
While these leaps are inspiring, there is still much to do. As we reach greenhouse gas emissions levels that will cause catastrophic harm, high-impact solutions are a critical element of our global climate strategy. Climate investors need to be able to assess the developing technologies they invest in today in terms of the impact on emissions when they reach commercial scale in the future.
Recognizing the urgency of supporting transformative solutions and the lack of historical guidance around assessment standards to lean on, a group of climate investors began gathering in late 2020 to explore consensus standards. In 2021, the group formalized into a nonprofit program housed within Prime, called Project Frame. Together, members of the group are building frameworks and a platform for collaboration to help climate investors better assess the impact that investments they make today will have on greenhouse gas emissions in the future.
To learn more, please visit projectframe.how.
Sultan Zelei, Senior Associate at Project Frame, and Claudia Leon, Senior Manager of Impact, co-wrote an article in Green Artha's latest India Climate Finance Report, organized by the Climate Capital Network. In the article, they share Prime's recent research, conducted in partnership with Desai & Associates, on deploying foreign catalytic capital to India, and outline the importance of increasing access to resources for high-impact investing through initiatives such as Project Frame and tools such as the CRANE tool, developed in partnership with Rho Impact.
The Glasgow Financial Alliance for Net Zero (GFANZ) featured Project Frame, a program convened by Prime Coalition, in their recent publication "Case Studies on Transition Finance and Decarbonization Contribution Methodologies", highlighting their work to build consensus-based and science-backed forward-looking emissions impact methodologies, as well as their recently launched series of case studies to advance the practice of forward-looking emissions impact assessment.
We’re honored that Prime Coalition’s work is featured in the latest Ceres, Inc report, including our definition of Avoided Emissions, our pioneering 2017 methodology, Climate Impact Assessment for Early-Stage Ventures, and the CRANE tool, developed in collaboration with Rho Impact, which is a vital resource for reducing barriers to emissions impact assessments for early-stage technologies.
WBCSD Features Project Frame In Avoided Emissions & Sustainable Finance Report.
ImpactAlpha spotlighted the launch of Prime's updated CRANE tool, developed in partnership with Rho Impact.
Prime Coalition's Keri Browder was one of the contributors to the final Oxford Climate Tech Initiative report. The report's findings aligned with Prime's investment vehicles' impetus for launching.
Harvard Business School published a case study on Prime's CRANE tool, which estimates the future climate impact of climate solution
Rho Impact, Prime's partner in developing the CRANE tool, has successfully completed a pre-seed funding round of $1.125M.
Meeting the Moment: Prime Coalition’s 2023-2033 Strategic Vision