Greenhouse Gas Protocol (GHG Protocol)’s Post

Climate change is a global issue that impacts us all. And it's not just the environment that's affected - the price of environmental commodities is also changing. GE3S- Global Energy and Environmental Engineering Services has shared an insightful excerpt about the potential of the carbon market, including forecasted prices for carbon credits. This information is crucial for meeting both voluntary and compliance targets. Stay informed about #VCS #Carboncredits #GHGemissions #Climatechange and #I-RECs to contribute to a sustainable future.

Carbon accounting, or greenhouse gas accounting, is the process of quantifying the amount (in tons) of greenhouse gases (GHGs) produced directly and indirectly from a business’s or organization’s activities within a set of boundaries. Carbon accounting is a relatively new field, but it’s already become an essential tool in the fight against climate change.

Concerned about climate change driven by industrial carbon emissions? Well a recent study showed that just 57 companies were responsible for 80% of the carbon emission increase since the Paris Climate Accord...yes just 57 companies, 3 of which are state run (Saudi Arabia, Russia and India). Check out the link to read more about this study.

🔥 Can the GHG Protocol handle the next phase of Climate Reporting? 🤨 GHG Accounting is shifting from choice to compulsion — but is it ready? If a global rewire of our economic system is underway, the rules for record keeping deserve serious attention! Check out our next foundational piece at The Rewire on the vial role of GHG Accounting. https://lnkd.in/e3EvZcGc #GHGProtocol #EmissionsReporting #Sustainability

The IPCC (Intergovernmental Panel on Climate Change) has issued a call for experts to take part in the 'Scoping Meeting for the Methodology Report on the Carbon Dioxide Removal Technologies and Carbon Capture Utilization and Storage'. Nominations have to come via member governments and observer organisation by July 19. The UK focal point is Department for Energy Security and Net Zero. https://lnkd.in/giMDAdpV #Emissions #CarbonDioxide #CarbonCapture #CarbonStorage

Startling statistic!! No data center companies on the list! Guardian today. Just 57 companies linked to 80% of greenhouse gas emissions since 2016 Analysis reveals many big producers increased output of fossil fuels and related emissions in seven years after Paris climate deal A mere 57 oil, gas, coal and cement producers are directly linked to 80% of the world’s greenhouse gas emissions since the 2016 Paris climate agreement, a study has shown. This powerful cohort of state-controlled corporations and shareholder-owned multinationals are the leading drivers of the climate crisis, according to the Carbon Majors Database, which is compiled by world-renowned researchers.

We need climate accounting rules and disclosure frameworks to optimize corporate climate spend towards real action. Crucial and timely discussion - congrats on the publication, Roger! #CarbonAccounting #Decarbonization

The #European Union just published its landmark 2040 climate target today. What's in (and out), the good bad and the ugly: ▶ Reduce emissions by 90% compared to 1990. This is not enough, their own recommendations said 90-95% & net-zero would have been possible. ▶ 80% fossil fuel reduction & "coal is phased out by 2040". Clearly fossils are on their way out, but concrete phase out dates for oil, gas, and coal are missing. Power in Europe can be decarbonised by 2037. ▶ The share of carbon removal and storage with 250Mt/year is much too high; e.g. some studies suggest 130MTs is possible. A notable yet incomplete step.

Leading experts will present the findings of the 2023 Production Gap Report, illustrating the misalignment between governments’ planned and projected production of coal, oil and gas, and the global production levels consistent with the Paris Agreement’s temperature goal. The 2023 edition of the Production Gap Report provides updated results on this discrepancy with the latest fossil fuel plans and projections, explorations of the 20 top fossil-fuel-producing countries and more. Discover the latest findings and engage with the report's lead authors and renowned climate experts at our online launch event. Learn more and register now 👉 https://buff.ly/3SqwQfv The 2023 Production Gap Report is produced with Climate Analytics, E3G, International Institute for Sustainable Development and UN Environment Programme. #ParisAgreement #COP28 #ProductionGap

As we welcome in the new year, we are continuing our #NavigatingNetZeroValueChains series where we ask global climate experts key questions about Scope 3 action and solutions🌱 Pankaj Bhatia, Global Director at the Greenhouse Gas Protocol (GHG Protocol) shares his views on why credible GHG accounting and reporting is still such a challenge for companies today. Check out the full interview to learn more about: 🔹 What reaching Net Zero means for companies 🔹 The biggest barriers to credible Scope 3 reporting 🔹 The role of initiatives like the VCI in addressing these challenges Watch here https://lnkd.in/eypKNaNs