Issue 33

Dear Friends and Colleagues of the GHG Protocol,

Welcome to the January, 2012 edition of the GHG Protocol newsletter. This quarter’s edition highlights the major global and regional events that we organized to launch the new Product Life Cycle and Corporate Value Chain (Scope 3) Accounting and Reporting Standards. Launch events have taken place in New York, London, Beijing, Tokyo, and Durban and training courses on the new standards are taking place internationally.

Coinciding with the launch of the new standards, the GHG Protocol has reached its 12th year anniversary. At this important time in GHG Protocol’s history, Pankaj Bhatia, Director of GHG Protocol, and Janet Ranganathan, the World Resources Institute’s (WRI) Vice President of Science and Research, discuss GHG Protocol’s evolution and look at salient features embodied in the GHG Protocol approach and stakeholder process that have proven key to its success.

Meanwhile, the GHG Protocol continues to develop new standards and guidance. The processes underway to develop Power Sector guidance to establish accounting rules for renewable energy purchases and products, Agriculture Sector guidance, and Mitigation Accounting guidance will enter into a new phase with workshops and opportunities for stakeholders to review and provide inputs in the coming months. More details are provided in the sections below.

As always we welcome your feedback on all areas of our work.

Best regards,

The WRI and WBCSD GHG Protocol Team

Top Stories

Public Comment Begins for the GPC draft 2.0

After a successful nine-month pilot test from May 2013 to January 2014, the Global Protocol for Community-Scale Greenhouse Gas Emission Inventories (GPC) has been revised and is now available for public comment until August 18th. The authors particularly welcome review by city officials, practitioners, and technical experts in the fields of energy, transportation, waste management, agriculture and forestry.

Scope 2 Guidance Public Comment Period

May 5, 2014 - April 25, 2014

Background

Since the Corporate Standard publication in 2004, both companies and energy suppliers have sought ways to use contractual instruments such as power purchase agreements, renewable energy certificates, Guarantees of Origin, and utility green power programs to support claims about the low-carbon attributes of purchased energy. In addition, companies have increasingly taken a holistic view towards their energy demand management and procurement. Both trends have emphasized the need for a more complete and nuanced reporting framework for scope 2.

Looking Back on 15 Years of Greenhouse Gas Accounting

By Stephen Russell

Most people are familiar with the old adage “You can’t manage what you don’t measure.” Over the past 15 years, we at WRI have certainly seen the truth in that statement.

New CDP Report in the News

A report released by CDP in December 2013 on the use of internal carbon pricing by companies as an incentive and strategic planning tool garnered widespread attention in the media.

Financial Sector Guidance Technical Working Group Participation

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.

Members and organizations willing to participate in the process will benefit by:

FOR IMMEDIATE RELEASE: New Guidance Will Help Financial Institutions Measure Emissions from Lending and Investment Portfolios

GENEVA, WASHINGTON (October 29, 2013) – Many financial institutionsmeasure and report their own greenhouse gas emissions, but the real impact is in their value chains. In 2013, only six percent of financial companies in the FTSE Global 500 reported any emissions associated with lending and investment portfolios to CDP.

RELEASE: Launch of the First Greenhouse Gas Accounting Tool for Chinese Cities

FOR IMMEDIATE RELEASE

Contact
Wee Kean Fong, Project Manager, GHG Protocol City Project wfong@wri.org
Xiaoqian Jiang, Research Analyst, GHG Protocol City Project, xqjiang@wri.org

Scope 2 Accounting

The Scope 2 Accounting Guidance is entering its final stage of development. The document will clarify how to account for and report GHG emissions from electricity purchase and use. It will also address the role of utility emission factors, power purchase agreements (PPAs), and tracking instruments such as renewable energy certificates (RECs) and Guarantees of Origin (GOs). A final public comment period for the Guidance will begin in September 2013 with final publication scheduled for January 2014.

Pages

Profiles

Benedict Buckley is a Research Analyst working on the GHG Protocol’s Product and Value Chain Initiative. Benedict was previously a Senior Research Analyst at Trucost Plc, an environmental research consultancy based in London. There he worked with private and public sector organizations to measure and understand the environmental impacts associated with supply chains and investment portfolios, for clients including Puma, Vestas, Rabobank and Hermes Asset Management. He specialized in environmental economics at Trucost and created valuation models to quantify the impacts of air pollution and waste.

Benedict holds a Masters degree in Environmental Technology from Imperial College London, where he focused on Business and the Environment and wrote his thesis on quantifying the environmental benefits of investing in clean technology. He also holds a Bachelors degree in Biology from the University of Manchester. Other experience in the environmental field includes volunteering at Forum for the Future and working on a wildlife conservancy in Naivasha, Kenya. In a past life Benedict spent two years working in the television industry, first for a TV post-production company on Madison Avenue in New York and then in London as a Researcher on the Rough Guide to Travel TV series.

Jared Finnegan works on the GHG accounting component within WRI’s Measurement and Performance Tracking (MAPT) initiative. MAPT aims to build capacity in developing countries to create and enhance systems that track emissions and emission reductions associated with climate and energy policies.

Before joining WRI, Jared provided research support to the Post Carbon Institute in California on issues related to sustainable economic growth. His work contributed to the book The End of Growth: Adapting to Our New Economic Reality. He has also promoted sustainable development at United Nations Headquarters in New York through an internship with NGO Sustainability, and at the local level with the Economic Development Board of Sonoma County, California.

Jared holds a B.A. in Sociology and Latin American and Latino Studies from the University of California, Santa Cruz and an MSc in Philosophy and Public Policy from the London School of Economics and Political Science, where his dissertation focused on ethics and climate change.

Stacy Kotorac is a Project Coordinator/Research Assistant with the GHG Protocol team. Stacy focuses on the Product and Supply Chain Initiative, working on outreach and widespread adoption of the Product and Scope 3 Accounting and Reporting Standards. She also works on the international capacity building training programs, standards/tool development projects, and provides day-to-day support to the GHG Protocol team. Prior to joining the GHGP team, Stacy interned with the Vulnerability and Adaptation objective at WRI.

Stacy holds a Bachelor of Science degree in Science, Technology and International Affairs and a certificate in International Development from Georgetown University. During college, Stacy interned at the Environmental Protection Agency where she worked with the strategic climate partnership division. She also worked at Partners of the Americas on Youth Programming and their Farmer-to-Farmer exchange program.