On October 4th the GHG Protocol launched the new Product Life Cycle and Corporate Value Chain Standards with events in New York City and London. The global press launch of the Standards in New York City occurred in conjunction with WRI’s Corporate Consultative Group (CCG) fall meeting. CCG is a group of 150-200 representatives of large corporations, mainly sustainability managers, who are coming to engage with WRI experts – and with each other – to access environmental intelligence in order to protect and grow shareholder value and steer business to better protect the environment.

Project developers are concerned that high transaction costs and uncertainty around the acceptance of projects by governing bodies is limiting the number of projects being developed in Africa and around the world.

By Stephen Russell

As corporate leaders track and set more ambitious targets for reducing GHG emissions—and take a broader look at Scope 3 emissions—many are looking for a way to find new opportunities to collaborate (internally and externally). Starting this month, WRI is inviting companies to road test a new collaboration tool developed as part of the Next Practice Collaborative.

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.

A new journal, Greenhouse Gas Measurement & Management, focuses on the infrastructure to support future GHG mitigation policies by providing a scholarly forum for both academic researchers and GHG professionals.

GHG accounting is not a static field and the GHG Protocol is constantly reviewing its publications to ensure they properly reflect the science on climate change and continue to define best practices for GHG accounting and management. One area the GHG Protocol monitors is the best available scientific evidence regarding the importance of individual GHGs, as evaluated by the Intergovernmental Panel on Climate Change (IPCC) and as reflected in the guidelines of the United Nations Framework Convention on Climate Change (UNFCCC) for national GHG emissions reporting.

At a May 29 launch event in Beijing, WRI introduced the GHG Emissions calculation tool for Chinese Coal-Fired Power Plants to an audience of about 100 participants. The tool will enable Chinese power companies to establish a GHG emission inventory of its operations and prepare for GHG emissions management and reduction.

New developments are driving the need for GHG accounting programs around the world to evolve more efficiently, more effectively, and at a greater scale. On the business side, there is a trend toward managing GHG emissions along the value chain. Companies are looking up and down the supply chain and throughout the product life-cycle for GHG management opportunities. As climate policy becomes a reality in industrialized and developing countries around the world, many emerging economies are adopting voluntary national GHG mitigation targets and identifying the policies and measures to best achieve them. These trends point to the need for greatly enhanced GHG accounting capacity and tools at a global scale to ensure that mitigation actions can be measurable, reportable and verifiable. 

WRI is considering developing new guidance to help government agencies, civil society organizations, and others address the question, “What effect are policies expected to have on GHG emissions?”

O programa GHG Protocol do World Resources Institute – WRI pretende contribuir com o esforço coletivo mundial em busca de uma economia resiliente e do equilíbrio climático do planeta. Para isso, desenvolve ferramentas de apoio à contabilização e reporte de emissões de GEE, como o GHG Protocol para empresas, reconhecido e adotado mundialmente. 

The China Business Council for Sustainable Development, in conjunction with WBCSD and WRI, hosted an informational workshop, “Corporate Energy Conservation and GHG Management,” on June 1 in Beijing at the Kempinski Hotel. Approximately 100 representatives from CBCSD’s member companies, government agencies, and NGOs attended the workshop.

WRI and ABPS (India) are holding a workshop in India on tracking greenhouse gas performance of mitigation actions and mitigation goals. The workshop will take place on March 7, 2012, in Delhi. The workshop will convene experts and stakeholders from governments, civil society, and the private sector to discuss issues, practices, and solutions related to the technical challenges of quantifying GHG reductions from mitigation actions and tracking national and sub-national performance toward GHG reduction goals.

UNEP FI and GHG Protocol invite interested stakeholders to participate in a technical working group for the development of a financial sector GHG accounting guidance and carbon asset risk guidance. Please see the Terms of Reference for details about the Technical Working Group process and a link to Survey Monkey where you can express your interest in participation.

Close on the heels of a new GHG program in Brazil, the Indian industry launched a national-level GHG Inventorization Program in Delhi, India, on May 28, 2008. Under the program, corporations will measure and manage their GHG emissions based on internationally recognized standards and monitor their progress towards voluntary reduction goals. The India GHG Inventory Program is a partnership between the Confederation of Indian Industry (CII), the US EPA, and the World Resources Institute.

Agriculture and agriculture-linked land use change contribute almost 80% to Brazil’s national emissions. On September 25 in Sao Paulo, GHG Protocol held an inaugural workshop to engage key stakeholders in developing a set of new tools specific to Brazilian agriculture – a corporate GHG accounting standard and emission factors. The event featured a keynote address by Eduardo Assad, a director at Embrapa and formerly the Brazilian secretary for climate change.

The month of October saw the CD-release of the final version of the India program guide by the Indian Prime Minister’s Special Envoy on Climate Change, Mr Shyam Saran. In his remarks, Mr Saran emphasized the importance of businesses taking the initiative to deal with climate change and encouraged public-private partnerships. The guide provides guidance and examples to assist companies in accounting for, quantification and tracking of their greenhouse gas emissions using internationally accepted Greenhouse Gas Protocol Corporate Standard.

Following the launch of the Product Life Cycle and Corporate Value Chain Accounting and Reporting Standards in New York City, London, Beijing, and Tokyo, the GHG Protocol will be launching the standards in India on March 15, 2012. The event will be hosted by the World Resources Institute (WRI), World Business Council for Sustainable Development (WBCSD), and The Energy and Resources Institute (TERI). The launch event will take place in the morning and be followed by training workshops on the new standards in the afternoon.

Please join us October 25th for the first GHG Protocol Product Program Workshop. The workshop brings together product measurement, reporting, and labeling programs from around the world to: Learn how the GHG Protocol Product Standard can benefit established and developing GHG programs; Discuss ways of promoting consistency and harmonization between programs; Identify areas where the GHG Protocol can provide value and support; and Provide an opportunity for discussion and peer learning on the challenges and opportunities in program development and implementation.