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greenhouse gas accounting

Reflections on COP 18 in Doha: Negotiators Made Only Incremental Progress

This piece was written with analysis from Athena Ballesteros, Edward Cameron, Yamide Dagnet, Florence Daviet, Aarjan Dixit, Heather McGray, and Clifford Polycarp.

Expectations were low for this year’s UNFCCC climate negotiations in Doha, Qatar (COP 18), which concluded last week. It was scheduled to be a “finalize-the-rules” type of COP, rather than one focused on large, political deals that went into the early hours of the morning. Key issues on the table included finalizing the rules for the Kyoto Protocol’s second commitment period; concluding a series of decisions on transparency, finance, adaptation, and forests (REDD+); and agreeing on a work plan to negotiate a new legally binding international climate agreement by 2015. The emissions gap was also front-and-center, as the new UNEP Gap Report showed that countries are further away than even a year ago from the goal of keeping global average temperature rise below two degrees C.

In the end, countries were successful in making progress, but only incrementally. The lack of political will was breathtaking, particularly in light of recent extreme weather events.

Here’s a look at what happened across nine key issues that were on the table:

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We Need Your Help: Take Our Survey on Greenhouse Gas Accounting for the Financial Sector

The Greenhouse Gas (GHG) Protocol recently partnered with the UNEP Finance Initiative in a critically important endeavor – developing guidance to help the financial sector measure its ”financed emissions” and track reductions. These types of emissions, which are associated with lending and investments, are the most significant part of a financial institution’s carbon footprint.

We are seeking responses to a short (5 – 10 minute) online survey to assist us in establishing the content of the new guidance, which will supplement the GHG Protocol’s Corporate Value Chain (Scope 3) Accounting and Reporting Standard. The deadline for completing the survey is November 23, 2012.

As risk management experts, it’s essential that financial institutions have the necessary tools to consider the implications of continued investment in, and financing of, carbon-intensive sectors and companies. Some financial institutions have developed their own methodologies for accounting for financed emissions, but there’s a lack of consistency between them. Financial institutions need new guidance like that being developed by GHG Protocol and UNEP to adopt risk-management policies and lending procedures that address climate change in a systematic way across the sector.

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Accounting for Risk

Conceptualizing a Robust Greenhouse Gas Inventory for Financial Institutions

This report takes a first step in helping financial institutions create more robust GHG inventories, by discussing objectives, options, and challenges for financial institutions and stakeholders to consider when creating and evaluating a GHG emissions inventory.

Designing a Cap-and-Trade Program For the Midwest

The Greenhouse Gas Accord announced by ten Midwestern governors in November 2007 involves nearly one fourth of U.S. greenhouse gas emissions in a regional agreement to improve energy security and design a greenhouse gas (GHG) reduction program. Among the strategies described in this accord is...

Charting the Midwest

An Inventory and Analysis of Greenhouse Gas Emissions in America's Heartland...

This publication is an in-depth study and data analysis of GHG emissions for 8 Midwest U.S. States: Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio and Wisconsin.

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