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| lori@prometsite.com

Hundreds of Cities Poised to Replicate Rio’s Approach to Measuring and Reducing Emissions

Rio de Janeiro is one of the world’s leading cities injecting sustainability into its planning. In 2011, Mayor Eduardo Paes enacted an ambitious climate change law, setting a goal to avoid 20 percent of its emissions by 2020, based on 2005 levels. There was only one problem: The city wasn’t sure just how much it was emitting, or where its emissions were coming from.

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| lori@prometsite.com

Banks to Receive Guidance on Reporting Emissions in Lending

When the 2011 Newsweek Green Rankings were published, it came as a surprise to many that seven of the worst performing US companies were financial firms. The reason for such a poor performance was inadequate reporting of emissions in corporate supply chains; in the case of financial firms, emissions from their lending and investment portfolios.

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| lori@prometsite.com

Rajkot one of 40 global cities to cut carbon emissions

Gujarat's 'solar city — Rajkot in Saurashtra — is being globally recognized as a case study for reducing carbon emissions. As per report by World Resources Institute (WRI), a US-based organization, presented at the UN Climate Change Conference in Peru, Rajkot will be able to reduce 14 per cent cent of its carbon dioxide emissions by 2016. 

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| lori@prometsite.com

Giving cities a road map to reducing their carbon footprint

Cities are not just where 3.5 billion of us live—they are where more than  half of humanity uses electricity, drives cars, and throws out garbage, among myriad other activities that emit greenhouse gases. Now, a global coalition has released the first standardized method for measuring and reporting a given city’s greenhouse gas emissions. 

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| JWinslow@wri.org

RELEASE: New Guidance Will Help Financial Institutions Measure Emissions from Lending and Investment Portfolios

Many financial institutions measure and report their own greenhouse gas emissions, but the real impact is in their value chains. To address this gap, the Greenhouse Gas Protocol and the United Nations Environment Programme Finance Initiative have begun developing guidance to help financial intermediaries assess the emissions from their lending and investments portfolios.

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| lpocknell@wri.org

Launch of the Product Life Cycle and Corporate Value Chain (Scope 3) Accounting and Reporting Standards

On October 4th, 2011 business leaders from around the world will come together to see the new GHG Protocol standards unveiled for the first time. Simultaneous events in New York City and London will be first in a series of launch events around the world. Launch events are already planned for November 18th in Beijing and November 21st in Tokyo. These groundbreaking standards establish the first internationally agreed-upon approaches for measuring and reporting GHG emissions throughout product life cycles and corporate value chains.

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