The Science-Based Targets initiative aims to enlist 100 companies in 2015 to commit to setting greenhouse gas reduction targets based on the latest climate science. These targets can help prevent the worst impacts of climate change while safeguarding businesses' profitability.
Warren Buffet once said, “Cash combined with courage in a time of crisis is priceless.” Will those with the “cash”—the institutional investors who own an estimated $70 trillion in capital—have the courage to respond?
Today, WRI, the C40 Cities Climate Leadership Group, and ICLEI – Local Governments for Sustainability are launching the final version of the Global Protocol for Community-Scale Greenhouse Gas Emissions Inventories (GPC). It’s the first internationally accepted standard for measuring emissions at the city level, and empowers cities to accurately identify where their emissions are coming from, set credible and achievable reduction targets, and consistently track progress.
The Greenhouse Gas (GHG) Protocol’s Mitigation Goal Standard, launched today, provides the first-ever standardized approach for designing, assessing, and reporting progress on a variety of national and subnational mitigation goals. The standard can help governments set emissions-reduction targets, meet domestic and international emissions reporting obligations to groups like the UNFCCC, and ensure that efforts to reduce emissions are actually achieving their intended results.
Tunisia launched its renewable energy program in 2010 to scale up solar photovoltaic systems and used the Greenhouse Gas (GHG) Protocol’s Policy and Action Standard—to find out just how much the program would reduce the country’s greenhouse gas emissions.
The blockbuster climate announcement in Beijing on November 12 unveiled new targets for both China and the United States. The renewed collaboration on climate change could be an historic turning point.