So your goal is carbon reduction—potentially getting to net-zero emissions by 2050. But you do not want to wait until then to measure the impact your investments might make. You want to invest in a broad climate-reduction equity benchmark because, after all, you do not want to take on too much extra-market risk. You can invest anywhere in the world.
In this paper we attempt to answer the following questions: in which region can you make the most impact, and how much active risk is required to achieve your climate goals?