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New Calculation Tools - Progress Report
Natural Gas Transmission and Distribution Tool
WRI and the California Climate Action Registry are working together to complete a Natural Gas Transmission and Distribution Tool, which will cover the specific emissions from this sector. This tool is the result of both industry association and direct industry interest, and has been bolstered by government support as well. A discussion paper will be presented to stakeholders for discussion in January.
Banking Sector Tool
WRI is convening a group of large financial institutions to discuss how banks might calculate the GHG emissions from their corporate footprint. Specifically this work will focus on creating a tool to help banks better manage the risks and opportunities present in their loan portfolio.
WRI has presented a proposal to the banks to engage with WRI and a number of other stakeholders into a formal process.
Power Sector Tools for India and Mexico
India: Work on the thermal power sector for India continues to progress. Review, road-testing, and stakeholder processes have provided valuable feedback, which is currently being incorporated into a final version of the tool. The tool is expected to be completed in late 2006.
Mexico: WRI, EPA, and Mexican partners FUMEC (the U.S./Mexico Foundation for Science) and SEMARNAT are working with CFE (The federal electricity commission) to help them refine the methodologies being used to calculate the company’s GHG, NOx and SOx emissions. The team hopes to develop a tool that will help the CFE facilities collect more site specific data when developing their corporate inventory.
Calculation and Reporting Software Standardization
WRI is participating in an EPA-led working group to develop an XML schema that will facilitate data sharing across different GHG accounting and reporting systems. The draft XML schema, currently under stakeholder review, incorporates data elements from systems such as the GHG Protocol calculation tools, the California Climate Action Registry’s CARROT software, and the EPA’s EATS/CRAVe software.