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In the context of GHG accounting, RECs are often used to adjust estimated Scope 2 emissions. In a typical case, a company would calculate its Scope 2 emissions using its electricity consumption and a grid emissions factor. Companies that purchase RECs can use them to lower the average emissions factors included in their inventories.
The GHG Protocol Corporate Standard (GHG Protocol Corporate Accounting and Reporting Standard, GHGPCS) is an initiative for the global standardisation of emission of greenhouse gases in order that corporate entities should measure, quantify, and report their own emission levels, so that global emissions are made manageable.
The greenhouse gas protocol is a set of standards for tracking greenhouse gas emissions. [17] The standards divide emissions into three scopes (Scope 1, 2 and 3) within the value chain. [18] Greenhouse gas emissions caused directly by the organization such as by burning fossil fuels are referred to as Scope 1.
ISO 14064-3:2019 specifies principles and requirements and provides guidance for those conducting or managing the validation and/or verification of greenhouse gas (GHG) assertions. It can be applied to organizational or GHG project quantification, including GHG quantification, monitoring and reporting carried out in accordance with ISO 14064-1 ...
The GREET model is specified in the Inflation Reduction Act of 2022 §45V [2] as the methodology to calculate the life cycle greenhouse gas emissions "through the point of production (well-to-gate)" when determining the level of tax credit for clean Hydrogen production until a successor is approved by the Secretary of the Treasury. The final ...
For example, to estimate emissions from the energy sector (typically contributing over 90% of CO 2 emissions and 75% of all GHG emissions in developed countries) the quantity of fuels combusted is combined with an emission factor - the level of sophistication increasing with the accuracy and complexity of the emission factor. [3]
The Climate Registry (TCR) is a non-profit organization governed by U.S. states and Canadian provinces and territories. TCR designs and operates voluntary and compliance greenhouse gas (GHG) reporting programs globally, and assists organizations in measuring, reporting and verifying the carbon in their operations in order to manage and reduce it.
The SRES scenarios are "baseline" (or "reference") scenarios, which means that they do not take into account any current or future measures to limit greenhouse gas (GHG) emissions (e.g., the Kyoto Protocol to the United Nations Framework Convention on Climate Change). [2]