The updated Greenhouse Gas Protocol (GHG-P) Accounting Guidance for companies and governments to report their emissions from electricity used has been launched to offer opportunities for transforming energy buying practices in the corporate world.
The Protocol, dubbed ?Scope 2? framework recommends how companies can measure and report their conservatory gas emissions.
The Greenhouse Gas Protocol (GHG-P) is the most widely used international accounting framework for governments and business leaders to understand, quantify, and manage greenhouse gas emissions.
However the new adaptation of the GHG-P Scope 2 Guidance which has been launched provides an improved framework for businesses and governments to choose instruments to support low-carbon energy solutions.
According to the framework, it will encourage businesses to measure, manage and report their greenhouse gas emissions from their electricity consumption and increasingly switch to power from renewable sources.
Tom Lindberg, Managing Director, ECOHZ, the GHG-P Scope 2 categorizes indirect emissions from consumption of purchased electricity, heat or steam.
He said, ?Global Risks 2015 (by the World Economic Forum) lists failure of climate change adaptation as one of the most likely and biggest risks in 2015.?
He also added that the expectations and requirements for companies to address greenhouse gas emissions are increasing, but nations can only change what they can measure.
?We are certain that in 2015 companies will increasingly document that they use electricity from renewable energy sources.? He said.